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    <title>Decline in Sale of Life Insurance Policies</title>
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    <description>The insurance regulator reported a decline in new life insurance policies and premium income, attributing the fall to market conditions and new regulations on Unit Linked Insurance Plan design. The Government reviewed industry performance with insurers and the regulator and identified remedial measures focused on taxation benefits and regulatory reforms concerning product design, distribution and investment rules to support the life insurance sector.</description>
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