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Report of the Working Group (WG) to revisit the product structure of Title Insurance


 Notice Date : 10 May 2021

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
       
       
 

Guest
on 12 May 2021
Notification No : IRDAI/NL/WG/Title Ins/67/05/2021-22
Published in Miscellaneous
Source : , https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo4481










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