IRDAI forms panel to review life insurance product norms

IRDAI forms panel to review life insurance product norms The Insurance Regulatory and Development Authority of India (IRDAI) has formed a 8 member committee headed by Amitabh Chaudhry, CEO of HDFC Standard Life Insurance Company to review life insurance product regulations on January 16, 2017. The committee will analysis the existing framework of IRDA-linked

and non-linked insurance product regulations. They will review other key aspects like changing economic and insurance market environment, customers’ needs and expectations and insurance product flexibility and innovations. IRDAI instructed to the committee  to submit its report before March 15, 2017.

Committee Members :

♦ Head : Amitabh Chaudhry, CEO of HDFC Standard Life Insurance Company

♦  K S Gopalakrishnan, CEO, Aegon Religare Life Insurance, Sai Srinivas, Appointed Actuary, Bajaj Allianz Life Insurance and Sandeep Bakshi, CEO, ICICI Prudential Life