Indian Insurance Market

Indian Insurance Industry Grows to Rs. 59 Lakh Crore

Finance and Economy, Insurance, News and Updates / By My Finopedia / May 2, 2023 May 2, 2023

The Indian insurance industry has grown significantly over the years, and according to the insurance regulatory development authority of India it is now worth Rs. 59 lakh crore. The industry consists of several public and private insurance companies offering a wide range of ancient insurance policies such as life insurance, health insurance, motor insurance, travel …

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IRDAI’s New Direct Plans for Increases Choice and Lower Costs

Finance and Economy, Insurance / By My Finopedia / April 6, 2023 April 11, 2023

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced direct plans in the insurance sector. The aim of these processes is to offer more choices to customers and increase transparency in the market. Direct plans will enable customers to buy insurance policies directly from insurers, even without the intervention of intermediaries such as …

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