News From Press Govt asks IRDA & insurance cos to address six major concerns to reduce pendency of consumer cases

Govt asks IRDA & insurance cos to address six major concerns to reduce pendency of consumer cases

Source: Economic Times Feb 9, 2023

The government on Wednesday flagged six major issues, including ambiguity in insurance contracts and inflexible policy terms, before regulator IRDAI and other stakeholders, and urged them to address those to reduce the huge pendency of consumer cases.

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