(a) whether the Government has any proposal to set up Indian Insurance Bureau;
(b) if so, the details thereof; and
(c) the steps taken/being taken by the Government in this regard?
(a) whether the Government has any proposal to set up Indian Insurance Bureau;
(b) if so, the details thereof; and
(c) the steps taken/being taken by the Government in this regard?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI NAMO NARAIN MEENA)
(a)to (c): Insurance Regulatory and Development Authority (IRDA) has reported that it has set
up an Insurance Information Bureau (IIB) in October, 2009. The IIB will function as the
advisory body for IRDA by providing necessary inputs for policy and research development
activity. In addition, it will also function as a single point official reference for the
entire data requirement on insurance sector.