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  #1  
26th February 2016, 02:48 PM
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Email ID of Insurance Regulatory and Development Authority

I want to get information about the Complaints Email ID of Insurance Regulatory and Development Authority as well as Role of the IRDAI. So here can you provide me information about it?
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  #2  
26th February 2016, 02:48 PM
Super Moderator
 
Join Date: May 2012
Re: Email ID of Insurance Regulatory and Development Authority

I have knowledge about the Complaints Email ID of Insurance Regulatory and Development Authority as well as Role of the IRDAI. So here I am providing you information about it, as you want.

Complaints Email ID of Insurance Regulatory and Development Authority
complaints@irda.gov.in



Role of the Insurance Regulatory and Development Authority (IRDAI)

Insurance Regulatory and Development Authority provides a certificate of registration to a life insurance company.

Insurance Regulatory and Development Authority is responsible for the renewal, modification, withdrawal, suspension or cancellation of this certificate of registration.

Insurance Regulatory and Development Authority frames regulations on protection of policyholders' interests.

It offers policyholders the right to voice their complaints against insurers or insurance companies.

The Insurance Regulatory and Development Authority has set up the grievance redressal cell to take up the complaints of the policyholder.

It specifies the requisite qualifications, code of conduct and practical training for intermediaries or insurance intermediaries and agents.

It specifies the code of conduct for surveyors and loss assessors;

It promotes efficiency in the conduct of insurance businesses;

It promotes and regulates activities of professional organisations connected with life insurance;

It levies fees and other charges to carry out the purposes of the Insurance Regulatory and Development Authority Act;

It can call for information from, undertake the inspection of, conduct enquiries and investigations including the auditing of insurers, intermediaries, insurance intermediaries and other organisations connected with the business of life insurance;

It specifies the form and manner in which books of account should be maintained and statements of accounts should be rendered by insurers and other insurance intermediaries;

Insurance Regulatory and Development Authority regulates the investment of funds by insurance companies;

Insurance Regulatory and Development Authority regulates the maintenance of margins of solvency;

Insurance Regulatory and Development Authority adjudicates disputes between insurers and intermediaries or insurance intermediaries;

Insurance Regulatory and Development Authority specifies the percentage of premium income of the insurer to finance schemes for the promotion and regulation of certain specified professional organisations;

It specifies the percentage of life insurance business to be undertaken by an insurer in the rural or social sector; and

Insurance Regulatory and Development Authority exercises any other powers as may be prescribed



Address;
Insurance Regulatory and Development Authority
3-5-817/818, United India Towers, 9th Floor
Hyderguda, Basheerbagh
Hyderabad – 500 029
Or Fax to
040-66789768


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