The second chairman of the Insurance Regulatory and Development Authority of India (Irdai), C.S. Rao, died on 28 June. Rao, who became Irdai’s chairman three years after the regulator came into existence and the industry was privatised in 2000, had the dual role of developing as well as regulating the sector.
Here are three important developments that the insurance industry will and the customers should remember him for.
