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Insurance Regulatory and Development Authority of India (IRDAI) has decided to reduce to regulatory returns insurance companies have to file. The latest statement by the regulator states that this step will ease the business of insurance companies in India.
“IRDAI, in its continuous endeavour towards promoting ease of doing business for insurance companies in India, has reviewed and rationalized the regulatory returns to be filed by the insurance companies, ”- the notification read.
IRDAI lowers the compliance burden for general insurers
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