Tag: Credit Cards
Irdai Praises Insurers For Protecting Policyholders By Prohibiting The Use Of Credit Cards To Repay Insurance Policy Loans
The Insurance Regulatory and Development Authority of India (Irdai)’s decision to forbid the repayment of loans obtained against life insurance policies using credit cards has been praised by insurers. Because credit card issuers charge higher interest rates on outstanding balances, insurance experts contend that using credit cards to pay off loans is not in the…
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