Wednesday, November 23, 2022

General, health insurers face a single management expense limit

The draft IRDAI (Expenses of Management of Insurers Transacting General or Health Insurance Business) Regulations, 2022, has proposed the insertion of a single limit of 'Expenses of Management' and additional allowances towards the rural sector and government welfare-oriented schemes; also for expenses towards 'insurtech' and 'insurance awareness'.

source https://economictimes.indiatimes.com/industry/banking/finance/insure/general-health-insurers-face-a-single-management-expense-limit/articleshow/95723899.cms

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