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Mastek launches new IT solution for insurance cos.

CHENNAI: Mastek has launched its policy administration platform, Elixir, a perfect fit for insurance companies, which want to launch innovative hybrid products in a shortest time, improve efficiency of their distribution network and enhance competitiveness. The Elixir solution has already been successfully installed in 50 locations worldwide. ``Incomes are rising among the Indian middle class and there's increasing demand for innovative and customised life insurance products,'' Mastek Chairman, Ashank Desai, said in a release.

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