IRDAI formed 13 member panel
01, May 2019
Prelims level : Objectives of IRDAI Mains level :
- Insurance Regulatory & Development Authority of India (IRDAI) has set up a 13 member committee under IRDAI Executive Director Suresh Mathur.
- It will review the regulatory framework on microinsurance & recommend measures to increase the demand for such products.
- It has been formed in the backdrop of a less-than-desired offtake of microinsurance products despite their inherent benefits.