The proposed changes relate to internal capital adequacy assessment and actuarial matters, but are technical clarifications and do not present a material change in policy.
The acquisition includes Liberty Seguros operations in Ireland, Northern Ireland, Portugal and Spain, which have a focus on personal lines and small commercial insurance business
Debasish Panda told Bloomberg that the IRDAI is looking into further law amendments including capital requirements, registrations, and value-added services.
The SmartHelper Plus covers medical expenses for domestic helpers and coverage for employers for various situations, including when a helper leaves without notice.
