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Wednesday, February 24, 1999
Special training for insurance agents soon
ENS ECONOMIC BUREAU
MUMBAI, FEB 23: The Insurance Regulatory Authority (IRA) will make both professional and educational qualifications mandatory for the insurance agents in future. Delivering the valedictory address at an international seminar on "Insurance in India: prospects & perspectives" in Mumbai on Tuesday, IRA chairman R Rangachary that the non-professional approach by the present intermediaries will have to come to an end as soon as possible."I want them to practise procedures befitting the international standards,'' he said. The Indian Institute of Insurance (III) should prepare the course work for the training the brokers and agents, he added. Both in the General Insurance Corporation as well as the Life Insurance Corporation, the intermediaries so far do not have any kind of qualifications to act as agents. ``The agents in the industry are the nominee of the development officer,'' he said. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.

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