VERIFIEDET Finance·28 Sept 2026neutral

IRDAI pushes LIC, SBI Life to seek further cost efficiency

AI Summary

·IRDAI has proposed lowering the expense of management limit for insurers from around 16% to 12.5% over five years.
·Larger insurers like LIC and SBI Life are expected to further improve their cost efficiencies.
·The regulatory changes aim to increase efficiency and value for policyholders.