#1
June 4th, 2016, 03:16 PM
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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
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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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