News Asia15 Jul 2015

India:Life insurers tapping credit bureaux to know customers

15 Jul 2015

Life insurers are tapping credit information companies to ascertain the personal details and credit history of customers at the time of the purchase of an insurance policy, as they increase due diligence work. Insurers have tightened checks following an amendment to the insurance law under which no insurance policy can be rejected on any ground, including fraud, after three years of the policy taking effect.

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