Country Profile – India : IRDA: Ensuring discipline in the Indian life insurance sector
Source: Asia Insurance Review | Jan 2011
Financial discipline ensures a sound, transparent and efficient financial sector in any country. Mr S Sankaramuthukumar, Assistant Professor, Management Research Division at Dayananda Sagar Institutions, Bangalore, and Mr A Devamohan, Lecturer, Jimma University, Ethiopia, analyse the penalties and warnings meted out by IRDA and say that this disciplinary enforcement goes a long way in ensuring a transparent, vibrant, efficient and sustainable insurance industry.
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