IRDA plans to allow banks to tie up with 2-3 insurance cos

[Abhisar]

Now we will have option to select insurance provider. I am using PNB for last 5 years and will buy life insurance next time from them.

[Master]

Its good move by IRDA. In small villages, still PSU banks are selling insurance. Pvt Insurance Comapny presence is very less. When two or more insurance comanies product will be available than consumer would have the chance to select the best among available.