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IRDAI notifies Obligatory cession for financial year 2020-21

February 10, 2020
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The IRDAI has notified the Obligatory cession for financial year 2020-21 for Indian Re-insurers and other applicable insurers as per the provisions of section 101A of the Insurance Act, 1938. The percentage cession of the sum insured in each General Insurance Policy to be reinsured with the Indian Re-insurer (s) shall be 5% in respect of insurance.
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