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IRDA issues guidelines for Automobile dealers selling Insurance

Discussion in 'Insurance & Loan Reviews' started by ghodlur, Sep 1, 2017.

  1. ghodlur

    ghodlur Esperto

    Messages:
    2,640
    Thane
    IRDA has come out with the guidelines specific to the automobile dealers who sell (or for that matter stuff down the throat) Insurance to the car buyers. Such Automobile dealers who will sell Insurance on the behalf of the Insurance co or any intermediate will be known as Motor Insurance Service Provider (MISP).

    Further the guidelines specifically talk about the appointment of such MISP by the Insurance co and the responsibilities of the Insurance co for any acts of omission and commission of the MISP. Some real time specific do's and dont's for the MISP are as below:

    There are many more important points related to cashless claims, obligations of the MISP etc which are detailed in the attached document, request all Car owners to read them so that the MISP doesn't take the customers for a ride.

    Mods: I am unable to attach the document (file size > 5 Mb), hence attaching the link. Request you to kindly attach the document available in the link.

    https://www.irdai.gov.in/ADMINCMS/cms/frmGuidelines_Layout.aspx?page=PageNo3243&flag=1
     
    limraj and pabhishek like this.

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