We draw your attention to the above for the purpose of marketing any insurance product. We also draw attention to section 40(B) of the Insurance Act, 1938 also with regard to any new product that is to be launched into the Indian market. No insurer shall launch any insurance product in Indian market without filing with the Authority and without complying with the said procedure stated above. No insurer shall distribute the product through any person who is not lincenced as per the provisions of the Insurance Act, 1938 for the purpose of the soliciting and procuring insurance business. Please acknowledge the receipt of this circular at the earliest.
Yours faithfully,
|
||
|
| ||