IRDAI allows insurers to use equity derivatives for hedging market risks. The move aims to help insurance companies protect their investments from market volatility while ensuring the preservation of their portfolio value. IRDAI has emphasised the need for a strong corporate governance framework to ensure that all derivative contracts undertaken serve the best interests of policyholders. Meanwhile, the government asked private insurance companies to increase the free look period for policyholders from one month to one year. Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. He likes to write about current world politics and Indian Movies. He can be reached at gopi@socialnews.xyZ. He has no bias or judgment towards any. any of the subjects he writes about. His future plans include developing Social news website into a News website.
