News From Press The insurance regulator’s 70's mindset is not serving the purpose in 2020

The insurance regulator’s 70's mindset is not serving the purpose in 2020

Irdai is trying to make changes in customer interest, but they just don’t go far enough

Mint Oct 28, 2020

It is almost as if you can see the conflict: there is the desire to do the right thing by the customer, but the DNA of an institution that does not believe in consumer rights comes in the way. The insurance regulator is torn with this dichotomy, of watching its capital market counterpart take giant strides in investor protection and disclosures, wanting to do the same, but not being able to.

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