IRDA’s national strategy seeks to create a financially aware and empowered India
Insurance Regulatory and Development Authority (IRDA) has released draft National Strategy for Financial Education on its website irda.gov.in.
According to a release from the insurance regulator, financial literacy and financial education play a vital role in financial inclusion and inclusive growth. It envisages ways towards creating awareness and educating consumers on access to financial services, availability of various types of products and their features; changing attitudes to translate knowledge into responsible financial behaviour; and making consumers of financial services understand their rights and obligations, the release said.
The national strategy seeks to create a financially aware and empowered India, IRDA said. It aims at undertaking a massive Financial Education campaign to help people manage money more effectively to achieve financial well being by accessing appropriate financial products and services through regulated entities with fair and transparent machinery for consumer protection and grievance redressal.
The draft national strategy has been prepared under the aegis of the Sub Committee of the Financial Stability and Development Council (FSDC) and is being simultaneously released for comments by all financial sector regulators, IRDA said in the release.
For draft details - http://irda.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo1733
Comments can be emailed to [email protected] or [email protected] by 15 August 2012.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
