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3-in-1 insurance: Soon, you can get life, health insurance and market linked investment in one combo product

Under the revised procedure, the insurers are now permitted to use and file group unit-linked life and health insurance products. IRDAI has also introduced combi products — the insurance products where life insurance acts as the lead insurer. This move will allow customers to buy comprehensive insurance coverage under a single policy as insurers can offer bundled products now. ....

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