It is welcoming move what IRDA has done because it now means that one within three hours in a normal case the insurance company has to authorize the entire documentation and the claim approval has to go through, not only that they are also emphasising that there should be a 100% claim and any claim rejection by the insurance company would internally need internal explanations and approvals.
Explained: Why Paisalo Digital shares hit 20% upper circuit on Wednesday
Paisalo Digital shares hit the 20% upper circuit after the company announced that promoter shareholding increased to 46.72% in Q1FY27 from 41.75% in FY26 through