Health insurers are seeking clarity from IRDAI on how the 10% annual premium hike cap for senior citizens affects long-term policies. The cap aims to protect financially vulnerable older adults from steep premium increases. Insurers must also standardize pricing and obtain regulatory approval before discontinuing or modifying products.
NSE IPO closes with 5.71x subscription, bids cross Rs 90,000 crore
Investor enthusiasm surged on the final day of the National Stock Exchange’s landmark IPO, with qualified institutional buyers oversubscribing their segment by more than twelve