Irdai sets up panel to review norms for marketing firms

The Insurance Regulatory and Development Authority (Irdai) has set up a 10-member panel to review norms related to insurance marketing firm (IMF) with an aim to increase insurance penetration in the country.     The new distribution channel of IMF was introduced in 2015 by Irdai, with the objective of increasing insurance penetration through an area-wise registration approach.     In an order, the Irdai said that a review of the regulations is necessary to enable the channel to evolve and fulfil...