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IRDAI constitutes Suresh Mathur committee
June 25 , 2018
2349 days
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- The Insurance Regulatory and Development Authority (IRDAI) has set up a 10-member committee to review norms related to Insurance Marketing Firms (IMF) with an aim to increase insurance penetration in the country.
- The committee is headed by Suresh Mathur, Executive Director (insurance marketing firms), IRDAI.
- The committee has been asked to revisit IRDAI (Registration of Insurance Marketing Firms) Regulations, 2015.
- IMF’s new distribution channel was introduced by IRDAI in 2015, with the objective of increasing insurance penetration through area-wise registration approach.
- The channel has now been in operation for three years.
Insurance Regulatory and Development Authority (IRDAI)
- IRDA is an apex statutory body that regulates and develops the insurance industry in India.
- It was constituted as per provisions of Insurance Regulatory and Development Authority Act, 1999. It is headquartered in Hyderabad. Telangana.
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