Can you provide me the details of the Insurance Research Grant Scheme offered by Insurance Regulatory and Development Authority (IRDA)?

Insurance Regulatory and Development Authority (IRDA) set up as autonomous body under the IRDA Act, 1999 to defend the interests of policyholders, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto.

It regulates the Indian insurance industry to protect the interests of the policyholders and work for the orderly growth of the industry.

IRDA Scheme

In order to encourage research work relating to insurance and consumer protection with a proposal to increase the consciousness about insurance amongst the public and policyholders, IRDA has introduced a scheme for sponsorship of research work on insurance.

The details of the Insurance Research Grant Scheme offered by Insurance Regulatory and Development Authority (IRDA) are as follows:

IRDA Insurance Research Grant Scheme









IRDA’s Activities

It frames regulations for insurance industry in terms of Section 114A of the Insurance Act 1938

From 2000, it has registered new insurance companies in accordance with regulations

It monitors insurance sector activities for healthy development of the industry and protection of policyholders’ interests

Contact Detail:
Head Office: Hyderabad
3rd Floor, Parisrama Bhavan,
Basheer Bagh,
Hyderabad - 500004,
Telangana, INDIA.
+91 40 2338 1100
+91 40 6682 3334

Consumer Affairs Department
United India Towers, 9th Floor,
3-5-817/818, Hyderguda, Basheerbagh,
Hyderabad - 500029, Telangana.
+91 40 66514888
+91 40 66789768

Branch Office: New Delhi
Gate No: 3, Jeevan Tara Building,
1st Floor, Sansad Marg,
New Delhi - 110001.
+91 11 2344 4404
+91 11 2374 7650