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Private insurers that have been operating for more than 10 years would be allowed to open branches and set up insurance joint ventures, including subsidiaries, outside India. The norms would apply to all sets of insurance companies involved with life, non-life, health and reinsurance businesses
http://www.business-standard.com/india/news/irda-set-to-allow-foreign-branches-for-pvt-insurers/458495/
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