2023 2024 EduVark > Education Discussion > General Discussion


  #1  
June 4th, 2016, 03:16 PM
Unregistered
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IRDA Has Been Renamed As

Hello sir, I am Nandan. I want you to help me by giving me some information about the Insurance regulatory and Development Authority (IRDA). Can you tell me the new name of IRDA?
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  #2  
June 4th, 2016, 03:18 PM
Super Moderator
 
Join Date: Mar 2012
Re: IRDA Has Been Renamed As

Insurance regulatory and Development Authority (IRDA) has been renamed as Insurance regulatory and Development Authority of India (IRDAI).
It is an autonomous apex statutory body.
It was formed in the year 2000.
The agency operates from its headquarters at Hyderabad, Telangana.
It regulates and develops the insurance industry in India

The key objectives of the IRDA include promotion of competition so as to enhance customer satisfaction through increased consumer choice and lower premiums, while ensuring the financial security of the insurance market.

Organizational structure

As per the section 4 of IRDA Act' 1999, Insurance Regulatory and Development Authority (IRDA, which was constituted by an act of parliament) specify the composition of Authority.
IRDAI is a ten-member body consisting of:

A Chairman
Five whole-time members
Four part-time members

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


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