IRDA Full Meaning

Hi I would like to have the information about IRDA and the mission as well as the activities it performs as well as the career option it offers?

[sumit]

Insurance Regulatory and Development Authority of India (IRDAI) is an independent summit statutory body which controls and builds up the protection business in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and properly went by the Government of India.

The organization works from its base camp at Hyderabad, Telangana where it moved from Delhi in 2001.

IRDA batted for a climb in the outside direct speculation (FDI) utmost to 49 for each penny in the protection area from the past 26 for each penny. As far as possible in protection part was brought to 49% up in July 2014

Mission

To secure the interests of the policyholders, to direct, advance and guarantee systematic development of the protection business and for matters associated therewith or accidental thereto.

IRDA's Activities

Outlines controls for protection industry as far as Section 114A of the Insurance Act 1938

From the year 2000 has enlisted new insurance agencies as per directions

Screens protection part exercises for sound improvement of the business and insurance of policyholders' interests

Vocation

Protection Regulatory and Development Authority of India (IRDA). Name of post is Junior Officer and is a generously compensated employment. Qualification of IRDA is top notch in graduation and age criteria is 21 to 30. Application structure comes in January and examination conducts in February. The exam is directed in 3 stages. Stage 1 is Online Preliminary Objective, Test Phase 2 is Computer based Descriptive Test Phase 3 is Interview. Essentially quantitative, thinking general mindfulness and English language.[