Question
Recently IRDAI has set up a 24-member committee to
develop and suggest an affordable and comprehensive cover for the _____ population.Solution
The Insurance Regulatory and Development Authority of India (IRDAI) has set up a 24-member committee to develop and suggest an affordable and comprehensive cover for the rural population. While the proposed cover will be a benefit based / parametric structure, called Bima Vistaar, the IRDAI has also asked the panel, which will be headed by Thomas M Devasia to recommend a regulatory framework for the cover. The insurance regulator has also asked the committee to develop and suggest constitution and operation of a preferably, women centric distribution channel to focus on reaching untapped/ rural areas – Bima Vahak – and recommend the regulatory framework. The committee will explore and recommend on how to bring about synergies in the working and operations of Bima Vahak, Bima Vistaar and the digital platform – Bima Sugam. According to IRDAI, in order to facilitate availability of an affordable, simple but comprehensive cover to the untapped areas and rural population, it is necessary to understand the needs and requirements in those areas and formulate suitable risk cover and customized distribution channels who appreciate the market dynamics in such areas.
What does the word “legal injury” mean?
Based on the definition of foreign exchange under the FEMA Act, which of the following is not considered as foreign exchange?
Where any authority or Committee contravenes any provision of The Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) ...
What is the minimum net worth requirement for every recognized stock exchange at all times as per the Securities Contracts (Regulation) (Stock Exchanges...
What is the punishment for attempt u/s 15 of the Prevention of Corruption Act, 1988?
What is the limitation period for filing a complaint to the District Commission?
The Magistrate or Judge of the Designated Court shall not authorise seizure of books, registers, other documents and record, of
In a Criminal proceeding against any person, husband and wife of such person are _____________
What does the term "gender" refer to in the context of the definition provided?
A lease can be determined by_____.Â