Head of IRDA

Can you provide me the name of the Chairman and other members of Insurance Regulatory and Development Authority of India (IRDAI)?

[pawan]

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

It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India. The agencys headquarters are in Hyderabad, Telangana, where it moved from Delhi in 2001.

Chairman
Mr. T. S. Vijayan

Top Management Members
Mr. P J Joseph, Member (Non-Life)
Mr. Nilesh Sathe, Member (Life)
Ms. Pournima Gupte, Member (Actuary)


Functions
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 Detail:
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