IRDAI will adopt a principle-based regulatory regime and implement lighter regulations, going forward. Proposed amendments to insurance laws include rationalised capital requirements, composite registration, one-time registration for intermediaries, sale of other financial products and so on, IRDAI chairman Debasish Panda told Moneycontrol.
While speaking at the Confederation of Indian Industry (CII) Annual Session 2023 on May 25, Debasish Panda, the Chairman of the Insurance Regulatory and
Get latest articles and stories on Business at LatestLY. While speaking at the CII Annual Session 2023 2023 held in New Delhi on Thursday, the Insurance Regulatory and Development Authority of India (IRDAI) chief said, "The insurance sector offers a huge market which provides a strong potential for growth of the sector." Business News | Industry Should Take Call for Making Insurance for All by 2047 a Reality: IRDAI Chief.
Debasish Panda, Chairman, IRDAI, has said that the industry should take a call for making Insurance for All by 2047 a reality by increasing investments in the sector.