Irdai seeks to remove Rs 100 cr entry limit for new players in insurance business

The insurance regulator wants the removal of the Rs 100 crore minimum entry capital requirement to set up an insurance business in a bid to ease the entry of multiple players such as independent microinsurers and niche players. Debasish Panda, chairman of the Insurance Regulatory and Development Authority of India (Irdai), said it should be … Read more