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New model for IRDA to help in Better delivery of Service

The Insurance regular of India is doing its best in order to provide better service to their people by trying to come up with a new system that would help them enhance their reach and cover on lower strata of society. This is very important since there are a lot of people in the lower society that needs their help and service.

IRDA Logo - Indian Regulatory & Development Authority

IRDA Logo – Indian Regulatory & Development Authority

According to the IRDA Chairman J Hari Narayan, the government agency is planning a model on the basis of geography that is commonly used in the banking industry. This model works well on banks and they are also hoping that it would work well in their delivery of service.

This is definitely a nice move from IRDA since this will make things easier for people who wanted to avail any insurance services. There are still a lot of things that needs to be planned on this model, but at least the fact remains that plans are now going on for this. Hopefully, this model would be implemented soon.

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