Required Solvency Margin News Today

The IRDAI has issued two exposure drafts proposing amendments to non-life and life insurance regulations with the objective of facilitating the efficient utilisation of capital by insurers and increasing insurance penetration.

The insurance regulator IRDAI has relaxed the capital requirement for the government's flagship programme Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) by almost 50% for insurers to encourage their participation in the scheme.