IRDA's recent announcement that I read in Moneycontrol: Life insurers with 10-year business can go public: IRDA
I wonder,
Why 10 years and what is magical about this figure? Shouldn't the guidelines be on the basis on some meaningful parameters, for e.g.
a) How many customers does an Life Insurer have? [both active, cancelled and serviced]
b) How many assets and holding does the Life Insurer have?
c) What is the presence of the Life Insurer?
d) Does it service all sections and strata of the soceity?
I wonder,
Why 10 years and what is magical about this figure? Shouldn't the guidelines be on the basis on some meaningful parameters, for e.g.
a) How many customers does an Life Insurer have? [both active, cancelled and serviced]
b) How many assets and holding does the Life Insurer have?
c) What is the presence of the Life Insurer?
d) Does it service all sections and strata of the soceity?
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