An installation of paper umbrellas hangs outside a restaurant at dusk in Thailand. (Photographer: Taylor Weidman/Bloomberg)
Life insurers don’t expect aggressive pricing for standard term plans that the regulator asked them to offer as they wait to assess the risks amid limited reinsurance support.The Insurance Regulatory Development Authority of India, in its October circular, directed all life insurers to launch a standard term insurance plan, Saral Jeevan Bima, effective Jan. 1, 2021, to reduce complexity and help customers make an informed choice. The...