Report of the Working Group (WG) for revisiting the retail business of Engineering tariff

Last updated: 01 May 2021

 Notice Date : 29 April 2021

Insurance Regulatory and Development Authority of India

Ref. No: IRDAI/NL/WG/ENGG(R)/43/2021-22

Date: 29-04-2021

Exposure Draft

Report of the Working Group (WG) for revisiting the retail business of Engineering tariff

A Working Group was set up by the Authority vide order Ref: IRDAI/NL/WG/ENGG-Retail/240/2020-21 dated 5th November 2020 to revisit the existing Engineering insurance products (Retail) and recommend new suitable standard products in line with advancement in technology for the retail segment.

The Working Group has submitted its report in which it has made various recommendations related to retail Engineering products and also recommended certain standard covers to meet the needs of retail customers.

The report of the working group is now placed on the website to seek the valuable inputs of all the stakeholders. Please give your feedback in the format given below on or before 20th May, 2021 to nl-products@irdai.gov.in with a copy marked to v.satish@irdai.gov.in and ajay.kumar@irdai.gov.in

Sd.-

(Yegnapriya Bharath)
Chief General Manager (Non-life)

 

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