Insurance News
Investors India|December 2022
Insurance companies - life, non-life and health are now a part of RBI's Account Aggregator (AA) system, which is a financial data-sharing framework built for investors and regulated financial entities.
Insurance News

1. IRDAI gave its go-ahead to insurers to use RBI’s Account Aggregator (AA) system

IRDAI gave its go-ahead to insurers today through a circular which includes a guideline on how they can share data with account aggregators (AA). Account aggregators are NBFCs who retrieve financial information from various entities to provide all savings and investment data at one place.

Once fully functional, investors can register on any of the above platforms and get their bank account, mutual fund, insurance, PF investment, PPF and other financial data at one place. 

The circular states that insurers can share information with AAs only after taking the due consent of policyholders. 

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هذه القصة مأخوذة من طبعة December 2022 من Investors India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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