Are Irdai’s rules enough for consumers?
IRDAI had responded to a column in Mint titled IRDAI vs global standards in consumer protection. Here are IRDAI's key arguments and our response
I wrote about the removal of key consumer rights by the insurance regulator in my previous column. You can read it here: bit.ly/2njjAI1. Insurance Regulatory and Development Authority (Irdai) responded with a letter. In the interest of fairness, I’m using key arguments of the letter here and putting the rest online at: bit.ly/2nAhs2H. I will also respond to Irdai’s letter.
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