IRDA extended deadline

IRDA extended deadline

In a major relief to life insurance companies, Insurance Regulatory and Development Authority (Irda) has extended the deadline for phasing put the old products in traditional segment till December 31.

Earlier, the deadline was October 1. A senior Irda official confirmed this development and added that however the guaranteed highest net asset value (NAV) products in the unit-linked segment will have to be withdrawn from October 1.

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