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  #1  
20th January 2017, 09:44 AM
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IRDA Mission

Hello sir, here I came for to get actual mission of Insurance Regulatory and Development Authority? Is there any one can show me here Insurance Regulatory and Development Authority mission?
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  #2  
20th January 2017, 11:01 AM
Super Moderator
 
Join Date: Mar 2013
Re: IRDA Mission

The Insurance Regulatory and Development Authority is a national agency run by the Government of India.

IRDA is based in Hyderabad and was formed by an act of Indian Parliament called as IRDA Act of 1999.

There are various mission are provided by IRDA. Some Mission Statement Of The Authority of IRDA:

To protect the interest of and secure fair treatment to policyholders;

To bring about speedy and orderly growth of the insurance industry (including annuity and superannuation payments), for the benefit of the common man, and to provide long term funds for accelerating growth of the economy;

To set, promote, monitor and enforce high standards of integrity, financial soundness, fair dealing and competence of those it regulates;

IRDA mission:

IRDA regulates private insurance companies:

Reliance General Insurance Company Limited.
IFFCO Tokio General Insurance Co. Ltd
TATA AIG General Insurance Company Ltd.
Bajaj Allianz General Insurance Company Limited
ICICI Lombard General Insurance Company Limited.
Apollo Munich Insurance Company Limited
Star Health Insurance
Max Bupa Insurance
Religare Health Insurance
Future Generali India Insurance Company Limited
Universal Sompo General Insurance Company Ltd.
Cholamandalam General Insurance Company Ltd.
Export Credit Guarantee Corporation Ltd.
HDFC-Chubb General Insurance Co. Ltd.
Bharti Axa General Insurance Company Ltd.
Raheja QBE General Insurance Co. Ltd.
Shriram General Insurance Co. Ltd.


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