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Friday, January 17, 2014

Irda backs finance ministry on insurance broking, wants private banks to join


MUMBAI: The Insurance Regulatory and Development Authority is in favour of banks selling products of multiple insurance companies, rather than restricting themselves to a few. 

At a meeting in Hyderabad on Thursday with life insurance companies, the regulator supported the finance ministry's decision to open up the bank network for this. 

The finance ministry had asked all public sector banks to start broking - selling products of multiple insurance companies - from January 15 .. 


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