IRDAI proposes regulations for designing, pricing of insurance products
The IRDAI (General Insurance Products) Regulations, 2021, which will apply to insurance products as well as add-ons, are aimed at promoting efficiency in the conduct of the general insurance business, said the draft on which the regulator has invited comments from stakeholders by April 26.
Guidelines for product filing have been in vogue since 2000 and have been revised from time to time.
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