Prudential rules to be maintained in India

IRDAIThe Indian insurance regulator (IRDAI) denied the request of property and casualty insurers to alleviate prudential rules in the face of COVID-19.

The measures suggested by insurance companies involve: the adjustment of the calculation of solvency margin; a sixty-day grace period for health insurance policies.

However, the supervisory authorities are also committed to handling individually the situation of insurers in financial distress.

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