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.
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