Irdai eases capital requirement for PMJJBY to encourage more insurers to participate

This move will enable life insurers to offer more policies under the scheme, and provide financial security to the bottom of the pyramid of the Indian population through life insurance, Irdai said in a statement. The easing of capital requirements by Irdai will accelerate the penetration of life insurance in India and will support the life insurers in achieving the target set by the government.

from Banking/Finance-Industry-Economic Times https://ift.tt/NChiBbj