Summary Of IRDA

Hello sir, when IRDA was established? Is there any one can show me here summery of IRDA?

[pawan]

The Insurance Regulatory and Development Authority of India is an autonomous apex statutory body tasked with the regulation and promotion of the insurance and Re-insurance industries in India

The main aim to form IRDA is to create a regulator will regulate and develop the insurance sector in the country and control all individuals or organizations who are directly or indirectly involved with the insurance sector.

The Authority has the powers to issue regulations related to insurers, insurance intermediaries, surveyors, third party administrators for their registration, renewal of their license and review their workings for smooth functioning of insurance sector.





Here I’m attaching PDF of Introduction of IRDA:

Organizational structure:

The members of the IRDA as of September 2016 are:

Chairman:
T.S. Vijayan

Whole-time members:
P.J. Joseph,
Nilesh Sathe,
V.R. Iyer,
Pournima Gupte,
D.D. Singh

Headquarters:

3rd Floor, Parisrama Bhavan,
Basheer Bagh, Hyderabad,
Telangana
Hyderabad, Telangana