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Meeting of Obligations in Rural Areas and Social Sectors by Insurance Companies.

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..... Meeting of Obligations in Rural Areas and Social Sectors by Insurance Companies. - News and Press Release Dated:- 23-8-2011 - News - Press Information Bureau Government of India Ministry of .....

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..... Finance 23-August-2011 17:50 IST Meeting of Obligations in Rural Areas and Social Sectors by Insurance Companies Insurance Regulatory and Development Authority (IRDA) has issued Insurance .....

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..... Regulatory and Development Authority (Obligations of Insurers to Rural or Social Sectors) Regulations, 2002 requiring insurance companies including State-owned insurers to meet the obligations in the .....

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..... rural areas and social sectors. These regulations lay down targets for insurance companies as regards the percentage of business to be procured from rural areas/social sectors. In case of default in m .....

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..... eeting these obligations by the insurers, IRDA takes action against such insurance companies including state-owned insurers and can even impose fine for non compliance of the aforesaid Regulations. .....

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..... This information was given by the Minister of State for Finance Shri Namo Narain Meena in a written reply to a Question in Rajya Sabha today. DSM/SS/PM - News - Press release - PIB Tax Managemen .....

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..... t India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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