Irdai’s regulatory changes likely to make insurance products more appealing

Irdai’s regulatory changes likely to make insurance products more appealing

After 2013, the Insurance Regulatory and Development Authority of India (IRDAI) has now once again come out with wide-ranging changes to product regulations. Most of these changes, according to experts, are pro-customer and will enhance the attractiveness of insurance products vis-à-vis those offered by mutual funds, National Pension System (NPS), and so on.

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