✉news BusinessPersonal Finance first seen 6 h ago, last 1 h ago, peak #22
IRDAI reforms: cheaper insurance not enough without better claims
Original: IRDAI insurance reforms: Lower costs may not be enough without better claims
India's insurance regulator IRDAI is pushing reforms aimed at lowering insurance costs, but a report argues that affordability alone will not fix the sector. Without meaningful improvements in claim settlement and customer experience, the reforms may fall short of restoring trust in insurance products. Commentators say the focus should shift to service quality alongside pricing.
Why now: New IRDAI insurance reforms are in the news and debate centres on whether lower premiums address customers' real concerns.
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