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POLICY WORDING CHANGE EXPECTED TO BENEFIT INSURERS, INDIA INC, AND CUSTOMERS.

Why in the news? IRDAI permits general insurers to modify policy wordings, excluding motor third parties, aiming for customization and customer-centricity. source:scribd About the IRDAI’s Policy Change: The Insurance Regulatory and Development Authority of India (IRDAI) allows general insurers to alter wordings in corporate policy documents, excluding motor third parties. Changes include terms, conditions, clauses, …

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