IRDAI to issue show cause notice to insurance companies for increasing premiums
After the Department of Financial Services’ (DFS) intervention, Insurance Regulatory and Development Authority of India (IRDAI) is preparing to send a show cause notice against insurance companies. DFS had discussed IRDAI’s intervention in the matter of health insurance companies increasing health premiums too much, Zee Business reported. According to IRDAI, seven companies violated the master circular…
