Irda

[mark]

IRDA concerned over insurers' mounting losses. J Hari Narayan, Chairman of Insurance Regulatory and Development Authority (IRDA), is concerned about the mounting losses faced by insurance companies. That the insurance company particularly in the life sector will be making losses for at least eight to 10 years was well known even before they started.

[mneilson]

The concern of IRDA (Insurance Regulatory and Development Authority ) as an insurance regulator is legitimate but it is not understandable why these life insurance companies are incurring losses? Their average return to the policy holders is less than 5%. These insurance companies can be benefited if they keep the insurance premium in nationalized banks.

[richardm1964]

I think IRDA (India) chairman Mr. J. Hari.Narayan should make it clear, why the insurance companies in India are suffering losses in life sectors despite giving poor services to the customers. It is not understandable why such loss would continue for another eight to ten years?