DHFLs Insurance Arms Safe and Solvent: IRDAI Chief

As conveyed by the Insurance regulator IRDAI’s Chairman SC Khuntia, the life and general insurance subsidiaries of cash strapped mortgage lender DHFL are safe and have adequate solvency. DHFL has two insurance subsidies, viz., DHFL General Insurance and DHFL Pramerica Life Insurance.

"The insurance companies (of DHFL) are safe. I don't see any problem with the insurance companies. We monitor the performance and their solvency is adequate and there is nothing to worry”, said Khuntia in a speech during the New India Assurance’s centenary year celebration. He also said that the insurance players should use and analyse the data produced by the industry to design and price the products suitable for the requirements of the consumers.

"Insurance industry generate a huge amount of data. If they analyse and make sense of this data, then that can be used for pricing of the product, gauging the need of customers and also to design products that customers require”, Khuntia stated.