#1
30th January 2018, 08:31 AM
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About IRDA PDF
I am doing MBA final year and making project report on the topic Insurance Regulatory and Development Authority (IRDA). Will you provide basic details about Insurance Regulatory and Development Authority (IRDA) in PDF file also provide list of functions of the IRDAI?
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#2
30th January 2018, 08:34 AM
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Re: About IRDA PDF
The Insurance Regulatory and Development Authority (IRDA) of India is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India. Please find the below attached file for the details About IRDA in PDF: About IRDA The functions of the IRDAI are defined in Section 14 of the IRDAI Act, 1999 and include: Issuing, renewing, modifying, withdrawing, suspending or cancelling registrations Protecting policyholder interests Specifying qualifications, the code of conduct and training for intermediaries and agents Specifying the code of conduct for surveyors and loss assessors Promoting efficiency Promoting and regulating professional organisations connected with the insurance and re-insurance industry Levying fees and other charges Inspecting and investigating insurers, intermediaries and other relevant organisations Regulating rates, advantages, terms and conditions which may be offered by insurers not covered by the Tariff Advisory Committee under section 64U of the Insurance Act, 1938 (4 of 1938) Specifying how books should be kept Regulating company investment of funds Regulating a margin of solvency Adjudicating disputes between insurers and intermediaries or insurance intermediaries Supervising the Tariff Advisory Committee Specifying the percentage of premium income to finance schemes for promoting and regulating professional organisations Specifying the percentage of life- and general-insurance business undertaken in the rural or social sector Specifying the form and the manner in which books of accounts shall be maintained, and statement of accounts shall be rendered by insurers and other insurer intermediaries. Contact: Head Office : 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 |