ET Now GBS 2024: Compliance burden set to be eased for insurance sector, says Debasish Panda, Chairman, IRDAI

India plans to reduce the number of regulations in the insurance sector and create a one-stop platform for insurance services. The country aims to promote ease of doing business and make insurance accessible to all income levels. India also plans to adopt a risk-based capital regime and harness technology for product diversification.
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