Hyderabad: The Insurance Regulatory and Development Authority (IRDA) has asked the insurers to strictly follow norms with regard to proposal for insurance. The authority has advised all insurers to strictly follow the provisions relating to Proposal for insurance (Section 4) under the IRDA (Protection of Policyholders'' Interests), 2002. IRDA was in receipt of several complaints, citing instances of policies being issued without collecting a proposal form from customers as specified in Section 4.
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