The new regulations bars India Post to act as a referral partner , that is, sharing of database to insurers of any insurance company. The new regulation will throw open the vast network of post offices numbering around 155,015 (urban 15,871 and rural 139,144) for distribution of insurance products.
The insurance regulator has relaxed many of the conditions governing the corporate agents for India Post.
(Published 17 October 2010, 15:35 IST)
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