India  |  Insurance Law

Legal Question

Asked on: 8/03/09, 6:43 pm

I wish to know whether a MLM company selling Life Insurance policies to its members and giving payouts to the policy buyer is leagal as IRDA doesn't allow rebate on Life Insurance policies to buyers.

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Answered on: 8/04/09, 12:00 am by RAJIV GUPTA

as IRDA does not allow rebates, giving payout to buyers is illegal.


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Answered on: 8/04/09, 8:21 pm by Sudershan Goel

I agree with the above opinion.


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Sudershan Goel - Advocate Supreme Court of India and Punjab and Haryana High Court New Delhi And Chandigarh, 110001+160

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