IRDAI mandates Insurers to cover Gram Panchayats
The Insurance Regulatory and Development Authority of India (IRDAI) has directed life and general insurance companies to extend cover to certain identified Gram Panchayats. This has been made mandatory under IRDAI’s master circular on rural, social and motor third party obligations (dated 10.05.2024) issued under Section 34 of the Insurance Act, 1938, Section 14 of […]