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In the new year , at least 400 new customers wishing to life insurance policies are available . Insurance regulator IRDA's new guidelines set by the players in this area is completed . Now insurance companies are ready to hit the market with new products . Since January , nearly equal market will go out of existing life insurance policies . But those who already have these policies , their insurance will continue.
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Insurance Regulatory and Development Authority [ IRDA ] 's policies to conform to the interests of customers, the guidelines have changed . The life insurance policies are broadly divided into three categories - traditional plans , variable life insurance and unit-linked plans , the ULIP Plan . With private insurance companies, LIC [ LIC ] issued new guidelines making policies of the new year . The Company currently plans to withdraw from the new year is close to 48 . The new plan is issued instead .
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Nearly two dozen private companies , Reliance Life plans to introduce new policies into the new year . These risk protection , retirement , savings , investments and insurance policies will cover health related . Anup Rau , CEO of the company told the News , " We have drawn up new guidelines are beginning with 13-14 policies . Our focus primarily on traditional insurance policies will . In addition to the needs of the customers will continue to insist on making policy . "
HDFC Life ULIP plans 21 new customers bringing in the new year . Other private companies operating in the insurance sector in the new year with new products preparation is completed . Aviva Life Insurance has announced the launch of insurance policies is 13 . In addition, ICICI Prudential , Birla Sun Life, Bajaj Alaynj , Max and SBI Life will be launched next month, the new insurance policies .