The regulator is aiming to study and propose improvements for the channel, as one of ' reaching the last mile' and making insurance products available to 'every nook and corner' of the country.
The deal would be the largest foreign investment in India’s insurance sector and follows regulatory changes in 2021 which made foreign ownership possible in the space.
The Insurance Regulatory and Development Authority of India (IRDAI) is mandating a revised CIS for all insurers, aimed at simplifying policy details and enhancing transparency for insureds.
The NSW Minns Government has ceased further development in flood-prone areas of Sydney's north-west, a move seen as a strong measure to help protect families and businesses from future flood events.
