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IRDAI Member Swaminathan S Iyer Calls for Simpler Products, Rural Push for 'Insurance for All' by 2047

Economy

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Published on 18th November 2025, 7:36 PM

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Author

Aditi Singh | Whalesbook News Team

Overview

IRDAI member Swaminathan S Iyer urged India's life insurance sector to simplify products and expand into rural areas to achieve the goal of 'insurance for all' by 2047. He identified product complexity and urban concentration as major hurdles, noting that 85% of business comes from cities.