IRDAI chairman urges insurers to build affordable products for Rs 5-25 lakh cover to boost penetration

IRDAI Chairman Ajay Seth called for insurance companies to prioritise covering a broader range of unique lives rather than merely chasing premium targets, especially among middle-income families. He stressed the need for simple and affordable insurance products, encouraging insurers to ask if consumers can invest Rs 100-500 monthly for added security.

Raccontata daeconomictimes.indiatimes.com