2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pravin Kutumbe
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Subhash C. Khuntia
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Sanjay Verma
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K. Ganesh
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Detailed explanation-1: -All communications to the IRDAI must be routed through the single point of contact, which is appointed by the IRDAI to provide guidance to applicants on issues pertaining to the regulatory sandbox environment. Deputy General Manager (Distribution Development) Sanjay Verma is the current single point of contact.
Detailed explanation-2: -The regulatory sandbox allows the regulator, innovators, financial service providers and customers to conduct field tests to collect evidence on the benefits and risks of new financial products. “IRDAI is open to allow the regulations, which may benefit the citizens’ heath.
Detailed explanation-3: -Regulatory Sandbox: The regulatory sandbox is a framework that provides a testing space to the companies to allow them to test their innovative product, and technologies in a controlled manner. This promotes innovation and technological solutions in the industry.
Detailed explanation-4: -Notes: The Insurance Regulatory & Development Authority of India (IRDAI) was set up based on the recommendations of the Malhotra Committee. It was set up as a statutory body in the year 2000. It is headquartered at Hyderabad.