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IRDA is planning to allow holders of health and auto policies to switch over to other companies on the same terms in the event of the customers being dissatisfied with the services of the current service provider.

Mahindra Satyam chairman Vineet Nayyar said the merger remains high on the management's priority and the process can start only when the firm's accounts are up to date.
The 30-share index closed lower by 148.52 points, at 19,956.34 points. The barometer had climbed 14 per cent this year to regain the 20,000-level after 32 months.
A strong rupee and soaring stock market are restricting gold prices in India from zooming to lifetime highs.
The company's proposed mining project at Niyamgiri hills in Orissa was last month rejected by the ministry after a panel found it to be violating the law.
The panel formed by the Ministry of Environment and Forests and led by former union environment secretary Meena Gupta, was earlier to submit its report in August.
The Central Board of Direct Taxes has extended the due date of filing I-T returns for the assessment year 2010-11 from September 30 to October 15.
Under the agreement, both companies will offer vehicle loans through the auto maker's 250 dealerships and the bank's 2,300 branches across the country.
Shares of HDFC declined 1.33 per cent to touch an early low of Rs 718 per piece on the Bombay Stock Exchange, landing last amongst the 30-Sensex companies.
Literally. With six to eight million 'passengers' per year, pet animals have become an important sub-segment of the global aviation market.
The Bombay High Court has asked the Maharashtra government's Principal Secretary to file an affidavit by October 8 in response to the PIL.
A whopping 2 lakh tonnes is set to be imported this financial year, even though the shipments are yet to be placed because of high gloabl prices.