In February 2020, Mirai Chatterjee, Principal of Indian ICMIF member, National Insurance VimoSEWA Cooperative Ltd (SEWA), was invited to chair the Committee on Standalone Microinsurance Company which had been set up by the Insurance Regulatory and Development Authority of India (IRDAI) to suggest steps to assess the desirability and feasibility of the formation of standalone microinsurance companies in India. The Committee was also charged with reviewing the existing legal and regulatory framework so that it might allow the creation of such microinsurance providers through an analysis of such provisions in other jurisdictions. The Report of the Committee on Standalone Micro-insurance Company has now been published and was presented to the Chairman and full Board of IRDAI on 30 September 2020 and it has also been shared on the IRDAI website as part of a public consultation process on the report’s findings. The report was also presented in a press meeting held by the VimoSEWA cooperative on Friday 16 October 2020 (read the press release).