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Insurance norms tweaked to channelise savings in infra sector

Irda has tweaked norms for insurance companies to invest their funds in different market instruments like government securities and corporate debt to channelise long term savings in infrastructure sector.

Product Launch: LIC's Flexi Plus

If you talk to experts, there are two opposite views. While some say the new product comes with lower charges as compared to debt-oriented mutual funds, others disagree.