Consider the following statements regarding the proposed Public Insurance Registry (PIR): 1. The PIR is envisaged as a Digital Public Infrastructure (DPI), launched by Insurance Regulatory and Development Authority of India (Irdai). 2. The PIR is proposed to function as a single centralized database in which all underlying insurance records of insurers, intermediaries and policyholders would be permanently stored. Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation: 1 only

The proposed PIR is an interoperable digital infrastructure for the insurance sector. It is launched by the Insurance Regulatory and Development Authority of India (Irdai). Importantly, it is not intended to be a single centralised repository; the underlying data would remain with the institutions that hold it, while PIR would provide a common access layer with controlled, purpose-based access.

Source: BS