The Insurance Regulatory and Development Authority of India (IRDAI) has allowed general insurance companies to introduce products without seeking prior approval from the regulator, in what is the first major reform by the new IRDA chairman.
The IRDAI said it has extended the ‘use and file’ procedure for all the Health Insurance products and almost all the general insurance products in line with the reforms agenda taken up towards having a fully insured India. The new norms are effectiv ..
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