IFSCA signed MoU with Insurance Institute of India

Current Context: The International Financial Services Centers Authority (IFSCA) signed MoU with the Insurance Institute of India (III).

• The MoU was signed to have capacity building for the experts and professionals in the insurance sector of IFSCs.
• Therefore, the III is involved in developing and updating the curriculum to build a dynamic insurance sector in India.
• The III will be offering training programs for professionals in the insurance business in India and overseas.
• It will perform research on the current academic curriculum and will update changes to it in order to match the present demands of IFSCA members in the insurance sector.
• The University of Mumbai will also be involved to update the curriculum.
• Static Part: 
• HQ of III: Mumbai

Question: 

Q.1 The Insurance Institute of India (III) signed MoU with which organization to have capacity building for the experts and professionals in the insurance sector?
a. Life Insurance Corporation of India (LIC)
b. Insurance Regulatory and Development Authority of India (IRDAI)
c. Employees' Provident Fund Organisation (EPFO)
d. International Financial Services Centers Authority (IFSCA)