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IRDAI for sandbox ideas reducing virus fallout

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Insurance regulator IRDAI will accord precedence in processing to regulatory sandbox proposals in search of to cut back the affect of COVID-19.

Besides traditional progressive proposals, “the Authority would welcome proposals that may minimise adverse impact of COVID-19. [Such] proposals will be processed on fast track basis,” it mentioned. October 14 is the deadline to submit functions beneath the second cohort of Regulatory Sandbox.

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