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The IRDAI has issued guidelines on Standard Personal Accident Insurance Product. With the objective of having a standard product with common coverage and policy wordings across the industry, the Authority has decided to mandate all general and health insurers to offer the standard personal accident insurance product. AS a result, Guidelines on Standard Personal Accident Insurance Product are issued under the provisions of Section 34 (1) (a) of Insurance Act, 1938.The IRDAI has issued guidelines on Standard Personal Accident Insurance Product. With the objective of having a standard product with common coverage and policy wordings across the industry, the Authority has decided to mandate all general and health insurers to offer the standard personal accident insurance product. AS a result, Guidelines on Standard Personal Accident Insurance Product are issued under the provisions of Section 34 (1) (a) of Insurance Act, 1938.taxmann.com Latest Statutory HappeningsRead More