SENSEX
NIFTY
GOLD
USD/INR

Weather

image 23    C

Economy News

The Economic Times

Economy / The Economic Times

details

IRDAI pushes LIC, SBI Life to seek further cost efficiency

Insurers like Life Insurance Corp and SBI Life need to improve cost efficiencies under new regulatory guidelines. The proposals suggest lowering the expense of management limit from around 16% to 12.5% within five years. While larger insurers are compliant, they must reduce their efficiencies further. Smaller players might gain market share if they enhance their operations as well. The overall goal is to increase efficiency and value for policyholders.

28 Sep 2026 11:54 pm