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    • Question

      In April 2026, the Insurance Regulatory and Development

      Authority of India (IRDAI) constituted a sub-committee of which advisory body to review the private health insurance sector?
      A Insurance Advisory Committee (IAC) Correct Answer Incorrect Answer
      B Financial Stability and Development Council (FSDC) Correct Answer Incorrect Answer
      C National Insurance Council Correct Answer Incorrect Answer
      D Policyholder Protection Committee Correct Answer Incorrect Answer
      E Health Insurance Advisory Board Correct Answer Incorrect Answer

      Solution

      In April 2026, the Insurance Regulatory and Development Authority of India (IRDAI) constituted a sub-committee of the Insurance Advisory Committee (IAC) to review the current scenario of private health insurance in India. The scope of the review encompasses coverage, penetration, claims experience, product design, grievance redressal, and consumer experience. The sub-committee will also examine digital transformation, hospital tariffs, fraud control, and digital systems.

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