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IRDA to review F&U guidelines

The committee will be headed by Suresh Mathur

April 19, 2014 10:06 IST | India Infoline News Service
The IRDA (Insurance Regulatory and Development Authority) has decided to form a Working Group to review the file & use (F&U) guidelines.

The current guidelines on file & use requirement for general insurance products were issued by IRDA in September 2006.

It is felt by the Authority that a review of extant guideline has to be undertaken to ensure that products are designed, marketed, sold and serviced ensuring that a viable, simple, useful product is available to consumers and is sustainable for insurers, the IRDA said in notification on Thursday.

The committee will be headed by Suresh Mathur. The members of the Working Group include Pankaj Kumar Tewari, convenor, IRDA; Anurag Rastogi, HDFC Ergo General Insurance; R Arunachalam, Cholamandalam General; Ashesh Anupam, Tata AIG General; PK Mahapatra, United India Insurance and Anuja Shiromani, Oriental Insurance.

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