Insurance – Report of the Committee on Bancassurance

EPORT OF THE COMMITTEE ON BANCASSURANCE

CIRCULAR NO. IRDA/AGENTS/CIR/BANC/115/06/2011, DATED 7-6-2011

The IRDA had constituted a Committee on Bancassurance vide Order No. IRDA/AGENTS/ORD/02/APR 2009, dated May 4, 2009 to study the distribution of insurance products through Banks. The Committee had invited for comments/views from key stakeholders, insurers, consumer associations, distributors, etc., and after analysis of these views the Committee had submitted their recommendations to the IRDA on 26th May, 2011. Chairman, IRDA had addressed the Governor, Reserve Bank of India for his remarks on the recommendations made by the Committee.

The Report of the said Committee is annexed. The comments are invited from general public, stakeholders, consumer bodies, etc., which may be sent to the following address on or before 10th July, 2011:

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IRDA Report