बिज़नेस
IRDAI launches low‑premium life insurance plans for middle‑class families at ₹200 per month
The Insurance Regulatory and Development Authority of India (IRDAI) has introduced simple, affordable life insurance schemes through banks, starting at just ₹200 monthly for middle‑income households.
The Insurance Regulatory and Development Authority of India (IRDAI) announced the launch of new low‑premium life insurance plans aimed at middle‑class families, with premiums starting at ₹200 per month.
The schemes are designed to be simple and secure, and will be offered through participating banks across the country, enabling easy enrollment for eligible households.
IRDAI said the initiative seeks to boost insurance penetration among the middle‑income segment, which has traditionally remained under‑insured, by providing basic financial protection.
The authority expects the plans to encourage regular savings for future contingencies while delivering essential coverage.
Banks have been urged to promote the products actively and ensure transparent communication of the benefits and terms to potential policyholders.
The schemes are designed to be simple and secure, and will be offered through participating banks across the country, enabling easy enrollment for eligible households.
IRDAI said the initiative seeks to boost insurance penetration among the middle‑income segment, which has traditionally remained under‑insured, by providing basic financial protection.
The authority expects the plans to encourage regular savings for future contingencies while delivering essential coverage.
Banks have been urged to promote the products actively and ensure transparent communication of the benefits and terms to potential policyholders.