Lobby group appeals to IRDA to allow 50% rebate in re-insurance rate for government plan

06-Jul-2015 #Globalwealth Source: Economic Times

Life Insurance Council has appealed to the Insurance Regulatory & Development Authority of India (IRDAI) for 50 per cent concession in re-insurance rate on Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) arguing its members face losses as the premium may not cover the cost.

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