IRDAI eases NPS regulations
IRDAI has done away with the need to submit a separate proposal form for taking an annuity product from proceeds Read more
The test of good conduct of business by insurers is whether policyholders are treated fairly both before the contract is entered into and throughout the lifecycle of the insurance policy, until all obligations under the contract have been satisfied. From the regulatory perspective, the pre-requisite is a proper framework including relevant laws, rules, regulations, guidelines etc., within which the insurers and intermediaries operate.
Read moreIndia is the world leader in micro insurance and regulating it from its budding stages and revamping its regulations are a must, feels a World Bank expert. Read more