General, health insurers face a single management expense limit

The draft IRDAI (Expenses of Management of Insurers Transacting General or Health Insurance Business) Regulations, 2022, has proposed the insertion of a single limit of 'Expenses of Management' and additional allowances towards the rural sector and government welfare-oriented schemes; also for expenses towards 'insurtech' and 'insurance awareness'.

from Banking/Finance-Industry-Economic Times https://ift.tt/eSQ3Cuj