Insurance Regulatory and Development Authority has set up a panel consisting 10 members to review norms for insurance marketing firms.
The aim of this panel is to increase insurance penetration in the country.
In 2015, IRDAI introduced the new distribution chanel of IMF or Insurance Marketing Firms with an objective of increasing insurance penetration through an area–wise registration approach.
The panel will be headed by Suresh Mathur, ED-IMF of IRDAI.
About IRDAI
- Founded: 1999
- Chairman: Subhash Chandra Khuntia
- Headquarters: Hyderabad, Telangana