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Irdai mulls linking insurance frauds with individuals' credit score

Believed to be a good deterrent as low score can deprive access to services

Topics
Insurance | IRDAI | credit score

Nikunj Ohri  |  New Delhi 



insurance
Some studies show that globally, around 10 per cent of the premiums are said to have been lost due to frauds

The Regulatory and Development Authority of India (IRDAI) is considering a proposal to make frauds a parameter for calculating credit scores in an attempt to put a lid on the increase in such activity.

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First Published: Sun, June 19 2022. 19:14 IST

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