Non-life insurance procedures eased in India
The Indian regulatory authority (IRDAI) is giving non-life insurance companies more flexibility in designing, pricing and marketing their insurance products.
Indian insurers are now allowed to market non-life policies without prior approval from IRDAI.
This decision allows insurance companies to respond more promptly to policyholders' needs. The decision is aimed at increasing insurance penetration in India.
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Wed, 19/10/2022 - 16:16
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