Debasish Panda told Bloomberg that the IRDAI is looking into further law amendments including capital requirements, registrations, and value-added services.
The Australian regulator introduced two instruments to bypass confirmation requirements in cases of policyholder death and recurring benefit claim payments.
While liquidators are still working to recover money from its Hong Kong business, Target announced they'd received letters of intent to fund its UAE subsidiary, Himalayas Insurance.
This is the second time the Indian regulator has issued a business transfer order for SILIC. The first in 2017 was set aside by the Securities Appellate Tribunal.
