'Insurance for all': IRDAI urges cos to strategize making insurance affordable

The Insurance Regulatory and Development Authority of India (Irdai) encouraged companies to devise affordable insurance products to achieve the "insurance for all" goal by 2047. The emphasis was on addressing high health insurance premiums and improving accessibility. Discussions included increasing provider diversity, widening distribution channels, utilizing Insurtech, and strengthening state insurance systems to make insurance more affordable.
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