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Maroc Maroc - WN.COM - Entertainment - 13/Mar 19:44

Is IRDAI a blind watchdog?

<p>Households keep their hard-earned money in financial assets because they trust the ecosystem of banks, insurance companies, mutual funds, depository participants and regulators such as the Securities and Exchange Board of India (SEBI), the Reserve Bank of India and the Insurance Regulatory and Development Authority of India (IRDAI). They assume these markets they invest in are stringently regulated and that regulators vigilantly enforce rules to protect their interests. When trust weakens, however, the entire system becomes fragile. This is especially true of the insurance sector. Among financial products, life insurance remains one of the least willingly purchased. The reasons are...

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