IRDAI mulls norms, management panel for ₹800-crore Policyholders’ Education and Protection Fund
The IRDAI is establishing a management committee to oversee its ₹800-crore Policyholders’ Education and Protection Fund. This initiative aims to create a structured framework for insurance awareness and grievance redressal, mirroring similar funds managed by other Indian financial regulators.
Why it matters
This move standardizes consumer protection in the insurance sector, potentially increasing public trust and financial literacy regarding insurance products in India.
Insurance regulator IRDAI plans to constitute a fund management committee to oversee the governance, administration, utilisation and performance monitoring of its ₹800 crore Policyholders’ Education and Protection Fund (PEPF).
The article reports on regulatory policy changes using neutral, factual language without editorializing.
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