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Indian

IRDAI asks applications for the 2nd cohort of the Regulatory Sandbox

The window for filing of applications shall open on 15thSeptember, 2020 and close on 14th October, 2020.

The IRDAI has created a Regulatory Sandbox whose objective is to use innovative ideas to foster growth and increase the pace of most innovative companies, in a way that provides flexibility in dealing with regulatory requirements and at the same time focussing on policyholder protection.

More than 15 lakh lives covered under exclusive Corona policies:IRDAI chief

“We will be happy if more emphasis will be given by insurers on how to deal with the current pandemic and post pandemic.We will be delighted if more proposals come to deal with present situation,” Subhash C Khuntia, Chairman, IRDA

MR Kumar, chairman, Life Insurance Corporation, emphasized to focus on IDEAS- Investment opportunity, Distribution of insurance products, Economics and efficiencies, Administration of business & focus on technology and Solvency and soundness of the industry.

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