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LIC denies receiving special treatment from the Indian government, countering U.S. claims.
The Life Insurance Corporation of India (LIC) denied receiving preferential treatment from the Indian government, responding to claims by the U.S. Trade Representative (USTR).
LIC stated it operates under the same regulations as other insurers and attributes its success to customer trust and market competition.
The USTR also raised concerns about India's data storage rules for electronic payments.
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LIC niega recibir un trato especial del gobierno indio, contrarrestando las afirmaciones de Estados Unidos.