Zee News Irdai said the product should have a minimum sum assured of Rs 2.5 lakh and the maximum sum assured can be Rs 1 crore. Sum insured offered shall be in multiples of Rs 50,000. However, beyond the range specified by Irdai, insurers are allowed to offer on their own and can use the same name for the product. https://ift.tt/eA8V8J February 26, 2021 at 05:20PM Irdai said the product should have a minimum sum assured of Rs 2.5 lakh and the maximum sum assured can be Rs 1 crore. Sum insured offered shall be in multiples of Rs 50,000. However, beyond the range specified by Irdai, insurers are allowed to offer on their own and can use the same name for the product.
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