IRDAI forms 13-member Panel to Review Microinsurance Framework

IRDAI (Insurance Regulatory & Development Authority of India) has set up a 13 member committee under Suresh Mathur, IRDAI Executive Director to review the regulatory framework on microinsurance and recommend measures to increase the demand for such products. This committee has been formed in the backdrop of a less-than-desired offtake of microinsurance products despite their ..

Topics: Economy • Finance • Insurance • Microinsurance • Poverty • Regulatory agency • Service industries

Suresh Mathur Committee to review MicroInsurance Framework

The Insurance Regulatory and Development Authority of India (IRDAI) set up Suresh Mathur Committee to review regulatory framework on micro insurance, and to recommend measures to increase demand for such products. It was formed because of less than desired offtake of micro insurance products despite of their inherent benefits in the country. India was seen ..

Month: Current Affairs - April, 2019

Category: Economy & Banking Current Affairs

Topics: IRDAI • IRDAI Micro-insurance Regulations • Microinsurance • Non-Government Organisations • Self-Help Groups • Suresh Mathur committee

Suresh Mathur head of IRDA committee to review microinsurance framework

The Insurance Regulatory and Development Authority of India (IRDAI) has recently constituted a 13-member Committee to review the regulatory framework on microinsurance and recommend measures to increase the demand for such products. . The committee, under the chairmanship of IRDAI Executive Director Suresh Mathur, has been tasked with suggesting product designs with customer-friendly underwriting, including ..

Topics: Economy • Insurance • Insurance In India • Insurance Regulatory and Development Authority • Microinsurance • Poverty • Service industries • Underwriting

PCOs, Kirana shops, petrol pumps, to be new Insurance Agents

With the aim to expand the reach of insurance in the country, the Insurance Regulatory and Development Authority (IRDA) has suggested to permit owners of kirana shops, fair price shops, medical shops, petrol pumps, individual Public Call Office (PCO) to sell micro insurance products. As per the IRDA’s exposure draft on Micro Insurance Regulations, the ..

Month: Current Affairs - July, 2012

Category: Government Schemes Current Affairs

Topics: Cooperative • Economy • Insurance • Insurance industry • Microfinance • Microinsurance • Poverty • Self-help group • Service industries