Tag: Regulator says 95% of MSMEs lack insurance

Insurance

Regulator says 95% of MSMEs lack insurance

Insurance regulator IRDAI has said that only 5% of micro and small and medium-sized enterprises are insured, a situation brought into prominence by the COVID-19 pandemic. To narrow the insurance gap, the regulator will direct insurance companies to mandatorily offer a standardised cover for this segment, reported Times of India. […]