IRDAI Forms Panel to Review Microinsurance Framework

Insurance Regulatory & Development Authority of India (IRDAI) has set up a 13 member committee under IRDAI Executive Director Suresh Mathur to review the regulatory framework on microinsurance & recommend measures to increase the demand for such products.

The committee has been formed in the backdrop of a less-than-desired offtake of microinsurance products despite their inherent benefits.

Source- The Hindu

Static/Current Takeaways Important For LIC AAO Mains 2019:

  • IRDAI Chairman- Subhash Chandra Khuntia, Headquarters in- Hyderabad.

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