Photo: Indian Mandarins
Health, General Insurers Can Sell Products Without Prior Permission: IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) approved the "Use and File" procedure for all health insurance products and practically all general insurance products on June 1. The Use and File approach implies that insurers can launch their products to the market after filing with the regulator. This prevents excessive wait times in providing new insurance solutions to consumers in order to assist meet the changing environment.
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