Insurance sector recorded AUM of Rs 74.44 lakh crore, premiums of Rs 11.93 lakh crore in FY25: DFS Secretary
He further said the total reinsurance market in India stood at Rs 1.12 lakh crore in 2024–25.
The Central government has appointed Subash Chandra Khuntia as the new Chairman of Insurance Regulatory and Development Authority of India…
IANS | Chennai | May 2, 2018 1:18 am
Insurance Regulatory and Development Authority of India. (Photo: www.irdai.gov.in)
The Central government has appointed Subash Chandra Khuntia as the new Chairman of Insurance Regulatory and Development Authority of India (IRDAI), said a senior official.
A 1981 batch IAS officer and a former Chief Secretary of Karnataka, Khuntia will head IRDAI for three years from the date he assumes charge, an IRDAI official told IANS.
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Khuntia succeeds T.S. Vijayan who retired as IRDAI head some time back.
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He further said the total reinsurance market in India stood at Rs 1.12 lakh crore in 2024–25.
The market outlook for next week will be guided by several global and domestic factors such as q4 results, inflation data and updates on tariffs.
Over 80% of the health insurance policyholders believe that there are delays in claims which are intentional, designed to pressure policyholders into accepting lower claim amounts.
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