Would you buy a policy or a fund on Flipkart or Paytm?
Irdai will do well to set up a license holder check on its website so that a customer can enter the name of the website to check if it is indeed registered with Irdai or not
Would you buy an insurance policy or a mutual fund on Flipkart or Amazon or Paytm? While you chew over the question, regulators that watch over these two industries are gearing up to frame regulation that puts in place some rules of the game. The capital market regulator had constituted a committee led by Nandan Nilkeni to work this out six months ago. The Securities and Exchange Board of India (Sebi), it seems, is just a month away from a draft that allows e-wallets to vend funds. The inter-regulatory approvals are currently getting worked out. The insurance regulator uploaded a draft insurance e-commerce regulation on 7 June. You can read it here: https://bit.ly/28KdHMg.