Published in Money Control on Jul 25, 2019. High expenditure depress the insurer’s profits and, in turn, shrink the pool available for distribution for policyholders Mint The Insurance Regulatory and Development Authority of India (Irdai) recently issued an order against Reliance Nippon Life Insurance Co. Ltd for exceeding expenses of management (EoM) beyond the permissible limits. […]
Articles Tagged: insurance policy
Protecting policyholder rights
Published in Mint on Mar 21 2017, Written by Kapil Mehta In insurance, policyholders—people who buy the insurance—have the weakest voice. Insurers, intermediaries, third-party administrators and surveyors have strong institutional processes to express their perspectives. Policyholders don’t. This is why regulation relating to policyholder rights is so important. This regulation, first introduced in 2002 just […]