Policyholder Protection refers to measures ensuring the rights and interests of insurance policyholders. It encompasses regulations that safeguard against unfair practices. This includes transparency in policy terms and conditions. The aim is to promote trust in the insurance sector. Effective protection fosters consumer confidence. It is crucial for the stability of the financial system. Policyholder rights are integral to a fair economy.
The Lok Sabha has passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, marking a significant step in reshaping India’s insurance sector. The legislation seeks...
