The Insurance Regulatory and Development Authority (IRDA) is in the process of devising a new micro-insurance policy for the rural masses which will offer the multiple benefits of life insurance, health insurance and asset protection. IRDA has requested the Life Insurance Council of India to assess the pros and cons of such a multiple benefit insurance policy and submit a report at the earliest.

For a long time, IRDA has been studying the feasibility of offering products that can cover...  Read More »