Offered lower interest rates on home loans and car loans when you buy insurance? It may not always come cheap; here's how IRDAI proposes to change it

New proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring transparency for borrowers. Key changes may prevent mandatory insurance bundling, allowing for better consumer choices and potential interest rate benefits, while still enabling some insurance package offers. Discover how these reforms could impact your next loan decision.