Irda's revised guidelines give new lease of life for insurance companies

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New IRDA guidelines have introduced three broad categories of products- Traditional insurance plans, variable insurance plans and unit-linked insurance plans. New IRDA guidelines have introduced three broad categories of products- Traditional insurance plans, variable insurance plans and unit-linked insurance plans.
SummaryTwenty four life insurance companies get ready to relaunch over 400 schemes from January.

per cent subsequently.

As the premium paying term increases to 12 years and above, the commissions payable in the first year increases up to 35 per cent in case the company is at least 10 years old and 40 per cent in case the company is less than 10 years old. The regulator has created the entire format on the basis of tenure of the policies.

- By George Mathew

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