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India May Soon Let Insurers Form Subsidiaries & JVs Overseas

Indian insurance regulator IRDA (Insurance Regulatory and Development Authority) is currently drafting guidelines which would allow Indian insurance and reinsurance companies to open branch offices, subsidiaries or joint-ventures overseas. IRDA is currently circulating preliminary draft guidelines on what would be required of Indian insurance companies in order to allow them to open operations…

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India to Introduce Portability for Health Insurance Policies

From July 1st 2011, health insurance policy holders in India will be able to change insurance providers, without the fear of losing their benefits from their previous policy. With the new initiative issued by the IRDA (Insurance Regulatory and Development Authority), industry leaders in India predict an increase in competition among health insurance providers, as policy-holders will be afforded greater…

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