IRDAI Mulls Financial Inclusion With E-Commerce Draft
The Insurance Regulatory Authority of India’s (IRDAI) has floated a proposal to set up an online insurance self-network platform for e-commerce operations, to bring in financial inclusion services for the deprived sections of the country. The move is also aimed at inflating the penetration of insurance services in the country. As per IRDA, ”Mobile internet usage in rural areas has gone up significantly in the last two years. We are particularly heartened by the response to the Pradhan Mantri Suraksha Bima Yojana scheme. It was a brilliantly conceived idea for...