Q. Which institution established a committee with the purpose of simplifying the language used in insurance policies?
Answer:
IRDAI
Notes: Recently, the Insurance Regulatory and Development Authority of India (IRDAI) established a committee with the purpose of simplifying the language used in insurance policies.
This initiative aims to assist individuals in making informed decisions when purchasing insurance coverage. The committee consists of eight members and has been tasked with presenting its recommendations within 8-10 weeks.