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India

IRDAI to withdraw long-term motor insurance package policy in India

On June 9, the Insurance Regulatory and Development Authority of India (IRDAI) announced it is withdrawing the long-term motor insurance package policy from August 1, 2020 onwards. The mentioned comprehensive insurance package includes 3-year Third Party (TP) and Own Damage (OD) Policy for 4-wheelers, and 5-year TP a....

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