The correct answer is C. no charge for change of nomination.
The Insurance Regulatory and Development Authority of India (IRDA) has recently taken steps to make it easier for policyholders to change their nominations. Under the new rules, policyholders will no longer have to pay any charges to change their nominations. This is a significant change, as it will make it easier for policyholders to ensure that their assets are passed on to the people they want, in the event of their death.
The IRDA has also taken steps to make it easier for policyholders to cancel their policies. Under the new rules, policyholders will no longer have to provide a reason for cancelling their policies. This is a change from the previous rules, which required policyholders to provide a reason for cancelling their policies.
The IRDA has also taken steps to make it easier for policyholders to get information about their policies. Under the new rules, policyholders will be able to access information about their policies online. This is a change from the previous rules, which required policyholders to contact their insurance companies to get information about their policies.
The IRDA’s changes to the rules governing nominations, cancellations and information are designed to make it easier for policyholders to manage their insurance policies. The changes are a welcome development, and they should make it easier for policyholders to get the most out of their insurance policies.
Here is a brief explanation of each option:
- Option A: no charge for late payment of premium. This is not a change that has been made by the IRDA. Under the current rules, policyholders are required to pay a late payment fee if they do not pay their premiums on time.
- Option B: no charge for reimbursement. This is not a change that has been made by the IRDA. Under the current rules, policyholders are not required to pay any charges for reimbursement of medical expenses.
- Option C: no charge for change of nomination. This is a change that has been made by the IRDA. Under the new rules, policyholders will no longer have to pay any charges to change their nominations.
- Option D: None of the above. This is the correct answer.