#1
5th June 2016, 02:56 PM
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IRDA Under Which Ministry
Hello sir, I am Sanjay. I want you to help me by giving me some information about the Insurance Regulatory and Development Authority of India (IRDAI). Can you tell me IRDAI works under which ministry?
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#2
5th June 2016, 03:17 PM
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Re: IRDA Under Which Ministry
Insurance Regulatory and Development Authority of India (IRDAI) is a type of an autonomous apex statutory body. It is an agency of Government of India. It regulates and develops the insurance industry in India. It was formed by an Act of Indian Parliament known as IRDA Act 1999, which was amended in 2002 to incorporate some emerging requirements. It has it’s headquarter in Hyderabad, Telangana, India. Structure: 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 Five whole-time members Four part-time members 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 |