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May 03, 2011 at 08:00 PM
Indian insurance regulators have drafted a product design proposal that could cause problems for life insurers doing business in India, an analyst says.
The Insurance Regulatory and Development Authority (IRDA) is looking at the idea of requiring players in the insurance market to sell a product that would combine a small amount of life and general insurance at a pre-set price, according to Anshuman Jaswal, a senior analyst at Celent, Boston.
Adoption of that proposal would be bad for the Indian life market, but the market has been opening up rapidly in the past few years, Jaswal says.
