Page 169 - IC38 GENERAL INSURANCE

Marketing of Combi Products can be done through Direct marketing channels,
Brokers and Composite Individual and Corporate Agents common to both
insurers but not through Bank referral arrangements. However, they cannot be
intermediaries who are not authorized to market either of the products of
either of the insurers.
Specific disclosures have to be made in the proposal and sales literature
especially features like there are two insurers involved, that each risk is distinct
from the other, who will settle claims, matters relating to renewability of both
or only one of the covers at the option of the insured, servicing facilities etc.
The IT system to service this business must be robust and seamless as it means a
lot of integration of data between the two insurers and data generation to IRDAI
as required.

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