IRDAI’s Use-and-file framework could mean better products, but policyholders should exercise caution
IRDAI’s Use-and-file framework could mean better products, but policyholders should exercise caution. Use-and-file mechanism will mean more flexibility for insurers in designing products and shorter timelines for introducing innovative plans. Very soon, health and general insurance companies in India will be able to launch their products without waiting for prior approval from the Insurance Regulatory …