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Norms for traditional life insurance products soon: IRDA

HYDERABAD, FEB 4: The final guidelines for traditional life insurance products could be announced by the insurance regulator after a meeting on February 8, J Hari Narayan, Chairman of Insurance Regulatory and Development Authority (IRDA) said here today. He said the insurance advisory committee had considered the guidelines in its last meeting and the same is expected to be placed before the IRDA.
IRDA Chairman J Hari Narayan is welcomed by Bhargav Dasgupta (right), MD & CEO ICICI Lombard GIC Ltd, and Vepa Kamesam, MD, Institute of Insurance and Risk Management (IIRM) looks on at the at the graduation ceremony of the first batch of Post Graduate Programme in Risk and General Insurance offered by IIRM.
“The Insurance advisory committee has considered these guidelines in its last meeting. As per the procedure it has to be placed before the authority”, Narayan said. The guidelines are expected to be gazetted after the meeting of the authority on February 8, he said on the sidelines of a function.
Narayan was the chief guest at the graduation ceremony of the first batch of Post Graduate Programme in Risk and General Insurance offered by Indian Institute of Risk management.
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