SEBI Chief for regulatory body for insurance advice

Hyderabad, Aug 16 (UNI) Securities and Exchange Board of India (SEBI) Chairman M Damodaran today underscored the need for a self-regulatory body to ensure professional and client-oriented financial and insurance advice to customers.

Speaking at the convocation ceremony of Institute of Insurance and Risk Management (IIRM) here, Mr Damodaran said this assumed importance as reaching out to people in remote rural areas for insurance and to be able to deliver services incorporating specific requirements of the clients were the main challenges facing the insurance industry today, an official release quoting him said.

Earlier, welcoming the gathering, IIRM Managing Director Vepa Kameswam said the institute, jointly set up by IRDA and Andhra Pradesh Government, had been offering one year Post Graduate Diploma Courses in Life Insurance, General Insurance and Risk Management.

He informed the Chartered Insurance in London had granted accreditation for the IPGDI Programme of the institute while the University of Suffolk in Boston allowed IPGDI diploma holders to enrol for Masters Programme in the Sawyer Business School in London.

UNI