The Insurance Regulatory and Development Authority of India (IRDAI) is not considering any proposal to ban credit-linked life insurance policies, CNBC-TV18 learnt from sources.
According to reports, IRDAI was considering a proposal to disallow using general policies as collateral for availing loans and there was some apprehension that the regulator could do the same for life insurance policies as well.
Yash Jain has more details.
(Edited by : Bivekananda Biswas)
First Published: IST