Insurance commission: IRDAI extends time for feedback to October 31

The Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for stakeholders to provide feedback on its proposals to October 31. This move comes as the regulator continues to engage with various groups, including insurers, smaller companies, and new entrants, to ensure a smooth transition to a more efficient regime. The delay aims to address concerns raised by different stakeholders, such as the need for a longer transition period and worries about low-ticket policies.

Why it matters

The regulator is still engaging with stakeholders and has not reached a conclusion on the proposals. This means that no significant changes are expected in the near term.

Market impact

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