IRDA launches online tool to compare insurance products

India Infoline News Service | Mumbai |

The application currently allows users to browse through different features of the products

The Insurance Regulatory and Development Authority (IRDA) has launched an online application that helps consumers to compare non-life insurance products of various insurance companies. 

The application currently allows users to browse through different features of the products such as coverages, exclusions, discounts and deductibles among others.
According to IRDA, the application has been developed to provide a mechanism for consumers to make an informed decision when it comes to buying a life insurance cover. The comparison is indicative of a specific coverage being applicable or not.

 

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