Under the file and use system, an insurer, who wishes to introduce a new product, has to file an application for the product with the IRDAI and use the product for sale in the market only after getting all the regulatory approvals.source https://economictimes.indiatimes.com/industry/banking/finance/insure/irdai-considering-shifting-to-use-and-file-system-for-product-approvals-chairman/articleshow/81430039.cms
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