The Insurance Regulatory and Development Authority of India has constituted a committee to look into the existing grievance redressal systems in the public sector undertakings. | |
| The committee will formulate guidelines for adoption by the insurers and suggest modifications to the regulations for protection of policyholders' interests. |
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| Vepa Kamesam, managing director, Institute of Insurance and Risk Management, will be the chairman of the committee. |
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| The other members of the committee include H C Jain, executive director, Life Insurance Corporation of India, Asha Nair, deputy general manager, New India Assurance Company Limited, and Pushpa Girimaji, a consumer activist. The committee will submit its report within the next three months, an order from the regulator stated. |
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