https://www.taxtmi.com/news?id=3830 IRDA will pilot a "use and file" product regime with standard products auto-deemed approved after a short notice period unless non-compliance is found; it will issue product design guidelines, accept bank-conducted KYC, and issue rules to reduce arbitrage between unit-linked and traditional products. Distribution reforms include considering banks as brokers, allowing banking correspondents to sell microinsurance, permitting non-employer homogeneous groups for group savings, and compensating master policy-holders. Investment relaxations for infrastructure SPVs with parent guarantees and reconsideration of the AAA concentration rule were agreed, while tax and TDS concessions will be examined by revenue authorities. en-us Mon, 01 Oct 2012 19:04:36 +0530 Mon, 01 Oct 2012 19:04:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3830 IRDA will pilot a "use and file" product regime with standard products auto-deemed approved after a short notice period unless non-compliance is found; it will issue product design guidelines, accept bank-conducted KYC, and issue rules to reduce arbitrage between unit-linked and traditional products. Distribution reforms include considering banks as brokers, allowing banking correspondents to sell microinsurance, permitting non-employer homogeneous groups for group savings, and compensating master policy-holders. Investment relaxations for infrastructure SPVs with parent guarantees and reconsideration of the AAA concentration rule were agreed, while tax and TDS concessions will be examined by revenue authorities. News - Mon, 01 Oct 2012 19:04:36 +0530 https://www.taxtmi.com/news?id=3830