[ad_1] Following the recent hike in premium rates, the Insurance Regulatory and Development Authority of India (Irdai) on Friday significantly relaxed capital requirement norms for insurance companies to encourage their participation in the government’s flagship program Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Gave. The regulator has reduced the capital required for insurers offering PMJJBY by about 50%. The move will enable life insurers to offer more policies under the scheme and provide financial protection to the bottom of the pyramid of the Indian population through life insurance, IRDA said…
Sunday, March 23, 2025
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