Hello, here I am providing you the details of the Insurance Regulatory and Development Authority (IRDA) as under:

IRDA:
The history of general insurance dates back to the Industrial Revolution in the west and the consequent growth of sea-faring trade and commerce in the 17th century.

The IRDA opened up the market in August 2000 with the invitation for application for registrations. Foreign companies were allowed ownership of up to 26%.
The Authority has the power to frame regulations under Section 114A of the Insurance Act, 1938 and has from 2000 onwards framed various regulations ranging from registration of companies for carrying on insurance business to protection of policyholders’ interests.

Organisational structure:
A Chairman
T.S. Vijayan

Five whole-time members
R.K. Nair
M. Ram Prasad
S. Roy Chowdhary
D.D. Singh

Four part-time members
Anup Wadhawan
S.B. Mathur
Prof. V.K.Gupta
CA. Subodh Kr. Agarwal

Headquarters
3rd Floor, Parisrama Bhavan,
Basheer Bagh, Hyderabad, Telangana