IRDAI for sandbox ideas reducing virus fallout

Insurance regulator IRDAI will accord priority in processing to regulatory sandbox proposals seeking to reduce the impact of COVID-19.

Besides usual innovative proposals, “the Authority would welcome proposals that may minimise adverse impact of COVID-19. [Such] proposals will be processed on fast track basis,” it said. October 14 is the deadline to submit applications under the second cohort of Regulatory Sandbox.


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