Insurance Regulatory and development authority of India

Hello sir, I am Rishabh Mehta. I am from Mumbai. I want you to help me by providing me some information about the Insurance Regulatory and development authority of India. Give me some details about its structure and products offered by it.

[Raman Vij]

Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous apex statutory body which regulates and develops the insurance industry in India.

It was formed in the year 2000.
It’s headquarter is located in Hyderabad, Telangana, India.

It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India
IRDAI is a 10 member body consisting of:

A Chairman,-(T.S. Vijayan)
Five whole-time members,-(R.K. Nair,M. Ram Prasad,S. Roy Chowdhary,D.D. Singh)
Four part-time members,-(Anup Wadhawan,S.B. Mathur,Prof. V.K.Gupta,CA. Subodh Kr. Agarwal)

All members are appointed by the Government of India
It offers following products:
Life Insurers
General Insurers
Health Insurers

Contact:

Insurance Regulatory and Development Authority of India
3rd Floor, Parisrama Bhavan, Basheer Bagh HYDERABAD 500 004
Telangana State (INDIA )
Ph: (040) 23381100
Fax: (040) 6682 3334