IRDAI sets up committees to suggest industry overhaul

To overhaul the insurance sector, the IRDAI has formed various committees through the General Insurance Council (GIC) to suggest reforms in several areas of general, reinsurance and life insurance such as regulation, product, distribution, among others.

These panels include heads of private and public sector insurance companies, members of IRDAI and representatives from the council, said an official.

To overhaul the insurance sector, the IRDAI has formed various committees through the General Insurance Council to suggest reforms in several areas of general, reinsurance and life insurance such as regulation, product, distribution, among others.

These panels include heads of private and public sector insurance companies, members of IRDAI and representatives from the Council, said an official.