2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who is the head of the IRDA committee to review microinsurance framework?
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C K Khanna
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Manoj Muntashir
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Suresh Mathur
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Shekhar Gupta
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Explanation:
Detailed explanation-1: -Composition: The 13-member panel comprising officials of the IRDAI, insurers and NGOs is chaired by IRDAI Executive Director Suresh Mathur. Mandate: To review the regulatory framework on microinsurance and recommend measures to increase the demand for such products.
Detailed explanation-2: -Following the recommendations of the Malhotra Committee report, in 1999, the Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body to regulate and develop the insurance industry.
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