IRDAI directs LIC and SBI Life to improve cost efficiency
The Insurance Regulatory and Development Authority of India (IRDAI) has instructed insurers like Life Insurance Corporation (LIC) and SBI Life to enhance cost efficiencies. New guidelines propose reducing the management expense limit from about 16% to 12.5% within five years. Larger insurers already compliant must further improve, while smaller players could gain market share by boosting operations. The aim is to increase efficiency and value for policyholders.
Economic Times·4h ago


