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The Economic Times

Personal Finance / The Economic Times

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IRDAI data skips average sum assured per policyholder

When IRDAI defines success as premium collected, and the industry maximises commissions by selling products that collect maximum premium per unit of cover, the two are in perfect alignment. No one needs to collude. The ruler measures what the industry finds convenient. The industry finds it convenient because the ruler keeps pointing upward.

4 May 2026 6:30 am