IRDAI tells insurers to make insurance policies easily understandable via CIS. Details here
The insurers are meant to make insurance policies simpler to understand for policy holders
The insurance regulator IRDAI (Insurance Regulatory and Development Authority of India) has instructed insurers — via a circular on Oct 30 — to release a revised customer information sheet (CIS). This is aimed to ensure that the customers understand the basic features with regards to policy in simple words.