Life insurance policies sold through common service centres (CSCs) would have a maximum sum assured of Rs 2 lakh, according to draft regulations released by the Insurance Regulatory and Development Authority of India (Irdai).
Many people don’t buy medical insurance at an early age. The reason is the belief that since they are given insurance by their employers, they won’t need additional insurance. However, it makes sense to have additional more.
Vijayalakshmi R Iyer, chairperson and managing director of Bank of India, and K K Vohra, executive director of Reserve Bank of India (RBI), are in contention for the post of member (finance & investment) at Insurance Regulatory and Development