General Insurance companies may soon be able to set their own prices for motor (third-party), fire and accident insurance products. The Insurance Regulatory and Development Authority (IRDAI) has set up a task force to draw up the framework, which will guide how these companies can increase or decrease premiums on these products. This comes after existing tariffs were de-notified.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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