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Moderator
In an exposure draft on persistency of life insurance policies,in July'2010, the IRDA has suggested a target of 20 policies per year for individual agents and a minimum first year premium income of Rs 150,000.
IRDA has also proposed nonrenewal of an agent's licence where the persistency ratio is less than 50 per cent.
This is just a draft for all Life Insurance Companies.
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