IRDA And Its Functions

Hello sir, I am Ramdin. I want you to help me by giving me some information about the Insurance Regulatory and Development Authority of India (IRDAI) and its functions. Can you help me?

[Kiran Chandar]

As you have asked about the Insurance Regulatory and Development Authority of India (IRDAI) and its functions, I am giving you information about it, check below for the details

Insurance Regulatory and Development Authority of India (IRDAI) is a type of an autonomous apex statutory body.
It regulates and develops the insurance industry.
It's headquarter is located in Hyderabad, Telangana, India.

Functions:

Issue to the applicant a certificate of registration, renew, modify, withdraw, suspend or cancel such registration;
Protection of the interests of the policy holders
Specifying requisite qualifications, code of conduct and practical training for intermediary or insurance intermediaries and agents
Specifying the code of conduct for surveyors and loss assessors;
Promoting efficiency in the conduct of insurance business;
Promoting and regulating professional organisations connected with the insurance and re-insurance business;

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