0 votes
in Insurance by
The Insurance Regulatory and Development Authority (IRDA) was formed on the recommendation of which committee? A) Banarji Committee B) Kutumbe Committee C) Malhotra Committee D) Gupte Committee

1 Answer

0 votes
by
In 1993, the Government set up a committee under the chairmanship of RN Malhotra, former Governor of RBI, to propose recommendations for reforms in the insurance. Following the recommendations of the Malhotra Committee report, in 1999, the Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body to regulate and develop the insurance industry.

Related questions

0 votes
asked Nov 2, 2020 in Insurance by rahuljain1
0 votes
asked Nov 2, 2020 in Insurance by rahuljain1
...