Tag: IRDAI

Arbitration dilemma and an internal ombudsmen

In 2022, insurance disputes accounted for a significant 27 per cent of cases in consumer courts, revealing the pervasive challenges within the industry. Out...

Should the government Mandate insurance?

Can there be and is there compulsion for taking insurance?  Does it exist? If yes, how and in what ways does it operate? Should...

What is the right way to achieve it?

The Insurance Regulatory and Development Authority of India (IRDAI) has pledged to facilitate 'insurance for all by 2047', where every citizen has good life,...

Set time limit for settling claims

The growth of the general insurance industry suffers the absence of adequate insurance protection for many businesses. IRDAI can set up a mechanism to...

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