The Insurance Regulatory and Development Authority of India (IRDAI) is involved in bringing out an array of reforms in the insurance sector to bring it in tune with the Insurance Laws (Amendment) Act. The regulator since then has brought out dozens of reforms that will have a significant impact on the customer and insurance companies. Additionally, a rising population, a growing economy, increased domestic savings and greater awareness of insurance products are positive indicators for growth for the insurance industry and low penetration levels also suggest that the insurance sector in India has a promising potential for growth. Our monthly impact assessment publication focus upon such changing scenarios, its impact upon insurers, policyholders and the industry as a whole.
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