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    Question

    Which of the following regulatory body recently launch a

    revamped grievance redressal mechanism with the option of customers filing their complaints in 13 regional languages?
    A RBI Correct Answer Incorrect Answer
    B NABARD Correct Answer Incorrect Answer
    C PFRDA Correct Answer Incorrect Answer
    D IRDAI Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Insurance regulator IRDAI will launch a revamped grievance redressal mechanism to make complaint redressal more efficient with the option of customers filing their complaints in 13 regional languages. The Integrated Grievance Redressal System (IGMS), launched in 2011, is being upgraded to make it more convenient for customers. It is to be renamed as Bima Bharosa. The new portal will not only be a gateway for registering and tracking grievances online but also act as an industry-wide grievance repository for the IRDAI  to monitor the disposal of grievances by insurance companies. The new portal will be more dynamic which will take care of customers’ need in a more time-bound manner. SMSs will be sent to the complainant’s registered mobile/e-mail ID after registration of complaint and upon attending by the insurance company. Learn Along IRDAI Headquarters: Hyderabad               Chairperson: Debasish Panda

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