If you are among those who religiously wear your fitness bands everyday and closely monitor the number of steps taken, you could be offered a discount in your insurance premiums in the near future, if insurers’ proposal to IRDAI is considered. The Insurance Regulatory and Development Authority of India (IRDAI) has constituted a working group on innovations in use of wearable and/or portable devices in insurance, wherein companies have suggested that usage of these devices should offer benefits to policyholders.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
Read More