ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Issues in Regulation of Insurance

In the Indian insurance market, the regulator must assure new entrants of a level playing field vis-a-vis hitherto monopoly incumbents. The initial focus of the regulator must be on financial soundness and prior experience of entrants. Tariff and contract standardisation must also be done in the initial stage. The objective of serving the weaker sections of society will be better served with a separate instrument.

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