Irdai's push will make insurance cheaper for consumers and enable a consolidated view of all policies.
Staying healthy is good news for the insurance company as well since it implies lower claims. Insurance companies offer discounts anywhere between 8 And 30 per cent discount on premium.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
The industry's reactions to the Budget have been mixed.
The biggest surprise for customers, at the time of claiming, is the fact that they will get only depreciated value of the product.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
Experts hail Budget 2015 as a progressive, growth oriented one.
What is it about Arohan that puts it in the top league of microfinance institutions in the country?
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