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  #1  
15th February 2016, 02:42 PM
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Insurance Regulatory and Development Authority Ppt Download

I want to get information about the Role of Insurance Regulatory and Development Authority in Indian Insurance sector. So here can you provide me information about it?
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  #2  
15th February 2016, 02:42 PM
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Join Date: May 2012
Re: Insurance Regulatory and Development Authority Ppt Download

I would like to tell you about the Role of Insurance Regulatory and Development Authority in Indian Insurance sector, as you want.



Organizational structure or Composition of Authority

As per the section 4 of IRDA Act' 1999, Insurance Regulatory and Development Authority specify the composition of Authority.

IRDAI is a ten-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.



Insurance Regulatory and Development Authority of India
(बीमा विनियामक और विकास प्राधिकरण)

Abbreviation
IRDAI

Headquarters
3rd Floor, Parisrama Bhavan, Basheer Bagh, Hyderabad, Telangana

Location
Hyderabad, Telangana

Chairman, IRDA
T.S. Vijayan

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

The agency operates from its headquarters at Hyderabad, Telangana where it shifted from Delhi in 2001.

Insurance Regulatory and Development Authority batted for a hike in the foreign direct investment limit to 49 per cent in the insurance sector from the erstwhile 26 per cent.

The foreign direct investment limit in insurance sector was raised to 49% in July 2014


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