Finance
Problem LalRBI Ki Nayi Baat: NBFCs Ko Insurance Bechne Ki Azaadi
Arre bhai, suno! RBI ne bola hai ki ab NBFCs bina unki permission ke bhi insurance bech sakte hain! Kya baat hai! Lekin yeh sab Irdai ki baatein maan kar karna padega. Banks ko sirf referral karne diya hai, khud bech nahi sakte. Yeh sab rules samajh nahi aate, par chalo, Daya ki tarah dance karte hain aur dekhte hain kya hota hai!
few days ago | Aathira Varier
Quick rundown
1.RBI allows NBFCs to distribute insurance without prior approval.
2.Banks can operate as insurance brokers under existing regulations.
3.Agency business must be fee-based without risk participation.
4.Banks must disclose their limited role in third-party product sales.
5.New norms aim to enhance customer protection and transparency.
