Ref:IRDA/INT/ORD/IMF/092/06/2018 Date: 15thJune, 2018
Re:Constitution of Committee for Review of IMF Regulations.
The new distributionchannel of Insurance Marketing Firm (IMF) was introduced in 2015 by IRDAI, withthe objective of increasing insurance penetration in the country through anarea–wise registration approach. The channel has now been in operation forthree years. IRDAI also conducted three workshops for the IMFs at Chandigarh,Ahmedabad and Hyderabad in May’ 2018, wherein operationalfeedback was received from them. In order to enable the channel to evolve andfulfill the objective of spreading insurance coverage to all stratum of thesociety, a review of the Regulations is necessary.
TheAuthority hereby constitutes the following Committee to examine the Regulationsand make necessary recommendations:
The Termsof Reference of the Committee shall include the following:
The Committeemay invite other persons to the meeting(s) as special invitees, as may berequired. The Committee shall meet as often as required and come up withrecommendations on or before 31st July, 2018.