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Life insurance policy holders may get 15% cut in premiums

Life insurance policy holders, who opt for electronic format of policy, may now get a 10-15 percent reduction in their premiums as IRDA has revised guidelines with regard to repositories and dematerialisation.

Life insurance policy sales fall 8.22% in FY'12: Govt

The government Friday said there was a 8.22 percent fall in the number of new life insurance policies sold during 2011-12 compared to the previous fiscal.