The Insurance Regulatory Authority has issued draft insurance policies aiming at uniformity in the basic insurance covers. This is geared at improving consumers' attitude towards insurance products and enhance uptake of policies by removing ambiguous terms and policy wordings. The standardisation process has taken up to three years with up to seven policy covers finalised while four more are now under review.IRA yesterday issued the draft policies for fidelity guarantee, all risks, products liability and goods in transit insurance for public reviews...
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