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IRDAI allows for modification of withdrawn life insurance products to benefit policyholders; 4 key provisions

The Insurance Regulatory and Development Authority of India (IRDAI) has approved changes to withdrawn life insurance policies that will benefit existing customers. The IRDAI's...

Finance

How the industry plans to deal with proposed taxation of traditional covers, Vignesh Shahane, Ageas Federal Life Insurance explains

To deal with the proposed taxation of traditional plans, the industry is evolving a strategy to shift focus from high ticket size to number...

Finance

Come out with insurance products for persons with disabilities, mental illness: Irdai to insurers

Regulator Irdai has asked general and standalone health insurers to offer a specific cover for Persons with Disabilities (PWD), persons afflicted with HIV/AIDS, and...

Finance

EDLI insurance claims: EPFO clarifies on assurance benefits payable to Employees’ Deposit Linked Insurance Scheme beneficiaries

In October 2022, the Employees' Provident Fund Organization (EPFO) had issued a clarification on the insurance claims under EDLI. It had stated that it...

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