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Q:

Which of the following committees has been constituted by Insurance Regulatory and Development Authority (IRDAI) to review regulations governing the Insurance Marketing Firms (IMF)?

A) Balwant Rai Mehta Committee B) Veerappa Moily Committee
C) Ashok Chavan Committee D) Sachar Committee

Answer:   D) Sachar Committee



Explanation:

The Insurance Regulatory and Development Authority (IRDAI) has set up a 10-member committee headed by Suresh Mathur (ED-IMF, IRDAI) to review norms related to Insurance
Marketing Firms (IMF) with an aim to increase insurance penetration in the country.

Subject: General Awareness
Exam Prep: Bank Exams
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