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  #1  
10th February 2017, 10:09 AM
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All About IRDA

I want to get the information about Insurance Regulatory and Development Authority IRDA so can you provide me?
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  #2  
10th February 2017, 10:31 AM
Super Moderator
 
Join Date: Mar 2013
Re: All About IRDA

The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory agency of regulating and promoting the insurance and re-insurance industries in India.

The agency's headquarters are in Hyderabad, Telangana.

It was constituted by the Insurance Regulatory and Development Authority Act, 1999.

Functions-

Issuing, renewing, modifying, withdrawing, suspending or cancelling registrations

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

Protecting policyholder interests

Specifying qualifications, the code of conduct and training for intermediaries and agents

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

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

Delhi Office:

Insurance Regulatory and Development Authority of India
Delhi Office – Gate No. 3
Jeevan Tara Building, First Floor
Sansad Marg, New Delhi-110001
Ph: (011) - 2344 4400
Fax: (011) - 2374 7650

Mumbai Office:

Insurance Regulatory and Development Authority of India
Mumbai Regional Office
Royal Insurance Building
12, J. Tata Road, Ground Floor
Mumbai 400 020.
Near Churchgate)
Phone No.: 022- 22898600


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