Embracing regulatory transformation and innovation, the year 2023 was nothing short of a milestone for the insurance industry. The dynamic customer needs served as a catalyst of change and the industry rose to the occasion with several customer-centric policy changes. The regulatory authority is already steering the sector towards Insurance 2.0 with initiatives like Bima Trinity bringing about better accessibility and inclusivity to the insurance industry.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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