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IRDAI rules for insurers to carryout offshore biz

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(G.N.S) Dt. 28 New Delhi Sectoral regulator Irdai has issued regulations for insurance firms to carry out offshore business from Gujarat-based GIFT International Financial Services Centre (IFSC). Insurance operations will get a major boost with Insurance Regulatory and Development Authority of India (IRDAI) issuing enabling regulations for undertaking offshore insurance

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