RBI’s revised framework simplifies entry for NBFCs in insurance distribution while maintaining IRDAI-led approvals and customer protection requirements.
The scenario-based cover targets repair costs and third-party liability for firms deploying robots across manufacturing, logistics, retail and other sectors.
The AI Cohort Symposium 2026 saw first-batch participants report gains across underwriting, claims and customer service, while newcomers Manulife, BOC Life and China Life unveiled new plans.