CURRENT AFFAIRS

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Who is appointed as part-time member on IRDA (Insurance Regulatory and Development Authority of India)?

A	Ravi Mittal
B	Suresh Kumar
C	Ramesh Singh
D	Vijay Kumar

Explanation:

Detailed explanation-1: -Section 4 of the IRDAI Act 1999 specifies the authority’s composition. It is a ten-member body consisting of a chairman, five full-time and four part-time members appointed by the government of India. At present ( January, 2023 ), the authority is chaired by Mr.

Detailed explanation-2: -Section 25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee consisting of not more than twenty five members excluding the ex-officio members. The Chairperson and the members of the Authority shall be the ex-officio members of the Insurance Advisory Committee.

Detailed explanation-3: -Government on Friday appointed Debashish Panda as the new Chairman of the Insurance Regulatory and Development Authority of India (IRDAI).

There is 1 question to complete.