IRDAI in continuation to its Circular dated June 13, 2022 has issued a Press release on “Solvency margin for Crop insurance business” dated June 14, 2022.
IRDAI anticipates that the extension of the relaxation given under the Circular would be helpful in improving the solvency status of the General insurance industry as a whole.
It is also appealed that the insurers shall make use of this opportunity to optimize the freed up capital in a way which can lead to increased insurance penetration in India.
Source category: IRDAI
Attachments
- /2022/57_PRESSR~1.PDF
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