Life cover with a post-2007 SBI home loan? Expect a refund
Irda kicks open the door for policy holder refunds.
An increasingly consumer-focused insurance regulator pushed the envelope just a bit further last week. On 5 October, the insurance regulator asked SBI Life to refund 84 crore to policy holders, you can read the order here: http://www.irda.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo1798&flag=1.
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