Composite licence can provide customers with comprehensive insurance options: Edelweiss Tokio Life Insurance MD

Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance, says the pending Insurance Bill will improve customer confidence in the sector and facilitate the ease of doing business. In a conversation with GEORGE MATHEW, Rai says the composite licence will provide customers with comprehensive insurance options and they stand to benefit by having the convenience of obtaining various insurance coverages, like health and life, from a single insurer.
What’s your view on the proposed Insurance Bill 2023 pending in the parliament? What will be its impact on the industry?