Insurance Regulation
Latest news, explainers and analysis on Insurance Regulation. Tracking 4 stories on Arth Vani.
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Latest on Insurance Regulation
IRDAI Paper Targets Insurance Commissions, Market Concentration, Rural Access
India's insurance regulator, IRDAI, has released a distribution reform paper focusing on key areas like commissions paid to agents, market concentration among distributors, and extending insurance reach to rural areas. This move aims to make insurance products more accessible, affordable, and transparent for retail customers across the country.
IRDAI Chairman: Insurance costs must fall, focus on customer benefits
Insurance Regulatory and Development Authority of India (IRDAI) Chairman Ajay Seth has emphasized the need to reduce costs within the insurance sector. He stated that the focus should shift towards enhancing customer benefits and simplifying processes.
New Top Brass at IRDAI: Key Appointments to Shape India's Insurance Future
The Indian government has announced major leadership changes at the insurance regulator IRDAI, appointing experts from LIC and New India Assurance. These new members will oversee critical functions like policy distribution and actuarial standards, directly impacting how insurance products are designed and sold to you.
IRDAI Proposes Simpler Rules to Attract Global Investors and Streamline Insurance
The insurance regulator is looking to relax ownership norms to make it easier for new players to enter the Indian market. These changes could lead to more competition, diverse products, and simpler corporate structures for insurance companies.
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