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IRDA panel to study FDI in insurance intermediaries & TPA

Headed by Suresh Mathur, senior joint director, IRDA, the committee will submit its report in three months

January 13, 2014 2:03 IST | India Infoline News Service
The Insurance Regulatory and Development Authority (IRDA) has created a committee to study 100% Foreign Direct Investment (FDI) in insurance intermediaries and Third Party Administrators (TPAs).

IRDA said that it had received references from various stakeholders requesting them to consider the foreign holding in insurance brokers from existing 26% to 100%.
The 10-member committee has representatives from life and non-life insurance companies, broking firms, IRDA officials and industry bodies.

Headed by Suresh Mathur, senior joint director, IRDA, the committee will submit its report in three months.

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