What Is Insurance Regulatory And Development Authority

Sir I my friend recently joined the Insurance Regulatory And Development Authority and he is also asking me to join the company but before that I want to know some details bout the company like the services it offers etc.

[Pathak]

Hey buddy the Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous apex statutory body which regulates and develops the insurance industry in India.

It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India.

The Insurance Regulatory and Development Authority ensures it through various ways such as:

Nomination by Policyholders

Settlement of insurance claim

Practical training for Insurance agents and other intermediaries

Insurable Interest

Surrender value of Policyholders

Code of conduct of Insurance intermediaries

Assistance in gaining correct information about policies

Creation of management information system

Promotion of Self regulation within the insurance sector

Online services offered

Claims

Fund Performance

Customer Service Premium Payment Options

Pay Online

Electronic Insurance Account

IVR Flow Chart

Escalation Matrix

Get SMS Update

sDownload Premium Receipt

Withdrawn Plans

Protect your Policy

Unclaimed Amount

If you want more details then feel free to contact again