The Insurance Development and Regulatory Authority of India (IRDAI) today said insurance portability will be the next big issue the industry should take up.
IRDAI chief T.S. Vijayan said there is no initiative from the regulator on the issue of portability, but he wants the idea to be debated in various forums.
"Currently, portability is available only for health insurance policies. The portability (of insurance policy) is possible only if the policy is standardised. If ..