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In order to boost the sales of term insurance policies,
which is showing a decline trend since past 3 years, market regulator
Insurance Regulatory and Development Authority (IRDA) want insurance
companies to sell term plans having maturity benefit. For this, IRDA
will also bring a new set of guidelines in two months time and is also
planning to allow business correspondents of the banks to sell these
policies in the rural area of the country
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Tuesday, July 15, 2014
IRDA plans to introduce maturity benefits term plan
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