IRDAI formed 13 member panel

Prelims level : Objectives of IRDAI Mains level :
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  • 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.
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