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Question

What is the primary purpose of IRDAI’s ‘Handbook on Indian Insurance Statistics 2023-24’?

The correct answer is

To provide insights into Claim Settlement Ratios (CSR)

Why in the news?

"IRDAI Releases ‘Handbook on Indian Insurance Statistics 2023-24’ with Key Insights on Claim Settlement Ratios”

The IRDAI’s ‘Handbook on Indian Insurance Statistics 2023-24’ provides key insights into Claim Settlement Ratios (CSR) of insurers, helping policymakers, stakeholders, and consumers assess the reliability and efficiency of insurance companies for informed decision-making in the sector.

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