Good product mix and low expense ratio should stand the life insurer in good stead

The growth of life insurers was impacted by the regulatory changes brought about by Insurance Regulatory and Development Authority of India (IRDAI) in 2010 and 2013. In 2010, the IRDAI introduced changes to unit-linked insurance products (ULIPs), including a cap on charges, surrender and discontinuance charges, and minimum levels of sum assured. In 2013, IRDAI issued regulations to link commission...