How customers are protected from private life insurers (especially the foreign life insurers)?

[Madhura]

Anish -

It is not as simple for any company to go bankrupt in India. Every insurer has to maintain 'solvency margins'. IRDA keep watch on all the activities of the insurer and advise it in case of any wrong doing. If something still go wrong or insurer wants to exit than IRDA ask another insurer to take over the business with same terms and conditions. So don't worry!

[PolicyWala]

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