INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
Ref. No: IRDAI/NL/WG/Title Ins/67/05/2021-22
Date:10-05-2021
Exposure Draft
Report of the Working Group (WG) to revisit the product structure of Title Insurance
Title Insurance products are currently offered by only a few General Insurers in the Indian market. The features of these products, namely the terms and conditions, scope of coverage etc vary from insurer to insurer. In order to examine the needs of the market and make recommendations with regard to the structure of title insurance products, the Authority set up a Working Group vide order Ref:IRDAI/NL/ORD/PRO/180/10/2019 dated 1th October 2019.
The Working Group has submitted its report in which it has made various recommendations, including two new product structures for Title Insurance.
The report of the working group is now placed on the website to seek valuable inputs of all the stakeholders. Please give your feedback in the format given below on or before 31st May, 2021 to nl-products@irdai.gov.inwith a copy marked to pradeep.singh@irdai.gov.in.
(Yegnapriya Bharath)
Chief General Manager (Non-life)
Format
| Name/Organization: | Address & contact no: | Date: | |
| Page no | Para No./ Point No. | Suggestions/Comments | Reasons |
CAclubindia
Guest
Notification No : IRDAI/NL/WG/Title Ins/67/05/2021-22Published in Miscellaneous
Source : https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo4481