It is significant that the PM's appeal to invest in India comes at a time when the global economy is facing a difficult phase
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
IRDA suggested that health insurance should cover alternative treatments.
Cyber crimes caused by the insured's employees also get covered under the policy but would exclude the actual perpetrator.
Read the fine print carefully because even a policy with a high sum assured may have sub-limits
The sector faces many challenges and calls for prompt corrective action.