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  #1  
April 6th, 2017, 05:39 PM
Unregistered
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IRDA Rules For Term Insurance

Hi buddy I want to know Insurance Regulatory and Development Authority of India (IRDAI) Rules For Term Insurance, so would you plz tell me about it ??
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  #2  
April 7th, 2017, 09:36 AM
Super Moderator
 
Join Date: Mar 2012
Re: IRDA Rules For Term Insurance

Insurance Regulatory and Development Authority of India (IRDAI) constituted by the Insurance Regulatory and Development Authority Act, 1999, an act of Parliament passed by the government of India.


As you want here I am telling Insurance Regulatory and Development Authority of India (IRDAI) Rules For Term Insurance

Insurance Regulatory and Development Authority of India (IRDAI) Rules For Term Insurance








IRDAI functions
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

Contact info :
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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