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Monday, July 14, 2014

Irda plans new norms for micro insurance

 
The Insurance Regulatory and Development Authority (Irda) will issue new guidelines for the micro-insurance sector within this financial year.

Irda had asked insurance firms to design up to four-five new micro-insurance products, which will be cost-effective, and at the same time provide better returns to investors, said Sudhin Roy Chowdhury, member (life) at a seminar on the insurance sector here on Friday. 

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