IRDAI has received an overwhelming response to the Regulatory Sandbox initiative which is a mechanism created to foster innovation in insurance sector
The regulator also told insurance brokers to be more disciplined in filing their returns
Highlighting that the insurance industry is different from other business, he said if an insurer fails, it has bearing on customers as well
Irdai chairman says considering proposal to change rules for lenders
Khuntia hails from Jagatshingpur in Odisha and is a graduate of the 1981 batch of the Indian Administrative Service