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International

Indian insurance regulator proposes insurance policy changes to boost penetration

May 24, 2017 Reprints

The Insurance Regulatory and Development Authority of India has proposed changes in fire and allied policy covers to increase insurance penetration for dwellings, offices, hotels and shops that suffer economic losses due to natural calamities, Deccan Chronicle reported. The IRDA said that recent catastrophic events have revealed that economic losses are much higher than insured losses.

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Indian insurance regulator proposes insurance policy changes to boost penetration

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