IRDA Foundation Date

Hello sir my father wants to know the Foundation Date of Insurance Regulatory and Development Authority of India (IRDAI) so can you please tell me the same ??

[Rajkumar Agarwal]

Insurance Regulatory and Development Authority of India (IRDAI) is an independent peak 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 accordingly passed by the Government of India.

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

IRDA batted for a hike in the foreign direct investment (FDI) limit to 49 % in the insurance sector from the erstwhile 26 per cent.

The FDI limit in insurance sector was raised to 49% in July 2014.

Organizational structure

As per the part 4 of IRDA Act' 1999, Insurance Regulatory and Development

Authority (IRDA, which was constituted by an act of parliament) specifies the masterpiece 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

For getting more details Here is the contact detail

Head Office: Hyderabad

3rd Floor, Parisrama Bhavan,

Basheer Bagh,

Hyderabad - 500004,

Telangana, INDIA.

91 40 2338 1100

+91 40 6682 3334