Aniruddha Sen, Co-founder of health insurtech startup Kenko Health, criticized the Insurance Regulatory and Development Authority of India (IRDAI) for obstructive practices.
Sen highlighted that regulatory obstacles in obtaining an insurance license were the main reason for Kenko Health's downfall.
He described bureaucratic obstacles and alleged a lack of support for ambitious entrepreneurs.
Sen questioned IRDAI's commitment to fostering innovation and called for regulatory transparency and reform.