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Tuesday, March 4, 2014

IRDA prescribes standard format for insurance policy


NEW DELHI: Insurance regulator IRDA today prescribed a standard format for life and non-life insurance policy to improve transparency and help people take informed decisions. 

"...all the insurers are advised to make available all the policy servicing forms also in languages recognized under the Constitution of India so as to meet the requirements of policyholders," IRDA said in a notification. 

The insurers may also make available these forms in languages recognised under the  .. 


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