Insurance regulator, IRDA, on Tuesday reduced the administration fee to be paid to General Insurance Corporation of India (GIC) from 2.5 per cent to 1.25 per cent of the total premium on motor third party insurance business.
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Insurance regulator, IRDA, on Tuesday reduced the administration fee to be paid to General Insurance Corporation of India (GIC) from 2.5 per cent to 1.25 per cent of the total premium on motor third party insurance business.
More...