(a) whether the Government proposes to sale insurance policies of insurance
companies through Public Sector Banks (PSBs);
(b) if so, the details thereof; and
(c) the time by which final decision is likely to be taken in this regard ?
(a) whether the Government proposes to sale insurance policies of insurance
companies through Public Sector Banks (PSBs);
(b) if so, the details thereof; and
(c) the time by which final decision is likely to be taken in this regard ?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI NAMO NARAIN MEENA)
(a) & (b) : Under the IRDA (Licensing of Corporate Agents) Regulations, 2002, the Public Sector
Banks can sell the insurance policies of one life or one non-life insurer or both by becoming
Corporate Agents of the said insurance company. The Public Sector Banks are already selling
insurance policies under the said Regulations.
(c) : Does not arise.