News Regulations12 Oct 2020

India:Committee recommends lower entry-level capital for microinsurers

12 Oct 2020

A committee set up by the IRDAI to suggest measures to promote microinsurance has suggested lowering the capital requirement for standalone microinsurance companies to INR200m ($2.7m) from the current level of INR1bn so as to accelerate growth in this segment of the insurance market in the country.

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