
IRDAI chief cautions insurers against predatory pricing
Friday, January 17, 2020, 4:41 PM
Insurance Regulatory and Development Authority of India (IRDAI) chairman S C Khuntia on Friday cautioned insurers against indulging in predatory pricing, saying it is not a sustainable model while citing examples of airline and telecom sectors. Highlighting that the insurance industry is different from other business, he said if an insurer fails, it has bearing on customers as well.
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