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    <title>Insurance Companies Mandated to Take Prior Approval of IRDA of their Products Before Launching.</title>
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    <description>Insurance companies must obtain prior approval from IRDA under the File and Use Guidelines before launching products; presumed clearance windows are 60 days for non-life and 30 days for life, but incomplete filings often delay assessment. Approval time depends on product complexity, pricing, features and terms; IRDA reported approval ranges of 2 to 1708 days and average lags of about 109 days for life, 103 days for general insurance (excluding health) and 176 days for health insurance.</description>
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      <description>Insurance companies must obtain prior approval from IRDA under the File and Use Guidelines before launching products; presumed clearance windows are 60 days for non-life and 30 days for life, but incomplete filings often delay assessment. Approval time depends on product complexity, pricing, features and terms; IRDA reported approval ranges of 2 to 1708 days and average lags of about 109 days for life, 103 days for general insurance (excluding health) and 176 days for health insurance.</description>
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