IRDAI set up a Committee of 13 members to review regulatory framework on micro-insurance. Who is the head of the committee?
Options
A. Suresh Mathur
B. Girish Joshi
C. Amit Rathi
D. Rajinder Singh
Correct Answer
Suresh Mathur
Explanation
The Insurance Regulatory and Development Authority of India (IRDAI) set up a 13-member committee in order to review regulatory framework on micro insurance, and suggest the steps to be taken to raise demand for such products in India by recommending product designs with customer-friendly underwriting, example, easy premium payment methods and simple claims settlement procedures. The committee is headed by Suresh Mathur, IRDAI's Executive Director. It constitutes of officials from IRDAI, life, general and health insurance companies in public and private sectors, as well as NGOs (Non-Government Organizations). The committee was formed because of less than desired offtake of micro insurance products in spite of their immense benefits in India. It will also give recommendations about alteration in distribution structure, that is, creating effective awareness programmes and making web-based technology driven solutions.
More questions
1. The Union government will launch "SAMPADA Scheme" for which sector?
4. The film, 'Pele: Birth of a Legend', is featured in the initial list of Oscar nomination for two categories Best Original Score and Original Song category. Which song from the movie has been selected as one of the nomination contenders?
7. The world's largest open air theatre, 11-days Bargarh Dhanu Yatra that concluded in second week of January 2017 with the death King Kansa at the hands of his nephew Lord Krishna is held in which state?
The annual London Indian Film Festival (LIFF) opens today with the red-carpet world premiere of Hollywood-cum-Bollywood starrer "Love Sonia", a film by the Oscar-nominated producer of "Life Of Pi", David Womark. This year, there is also a special cinematic tribute to Bollywood star Sridevi, who died suddenly in February, with a screening of her 1987 box-office hit "Mr India". Another tribute screening is UK-based filmmaker Sangeeta Dutta's docu-feature "Bird of Dusk", in memory of the late Rituparno Ghosh.
9. Famous HIV/AIDS researcher Mark Wainberg passed away recently. He belonged to which country?