As you want to know about the establishment of the Insurance Regulatory and Development Authority of India (IRDAI)

About the IRDAI

Insurance Regulatory and Development Authority of India (IRDAI) is an self-sufficient peak statutory body which regulates and develops the insurance industry in India.

It was comprised by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India.

The organization operates from its headquarters at Hyderabad, Telangana where it moved from Delhi in 2001.

IRDA batted for a hike in the foreign direct investment (FDI) limit to 49 per cent in the insurance sector from the erstwhile 26 per cent.

The FDI limit in insurance sector was raised to 49% in July 2014.

Addresses of Offices of IRDA

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

Delhi Office:

Insurance Regulatory and Development Authority of India
Delhi Office – Gate No. 3
Jeevan Tara Building, First Floor
Sansad Marg, New Delhi-110001

Ph: (011) - 2344 4400
Fax: (011) - 2374 7650

Mumbai Office:

Insurance Regulatory and Development Authority of India
Mumbai Regional Office
Royal Insurance Building
12, J. Tata Road, Ground Floor
Mumbai 400 020.
Near Churchgate)

Phone No.: 022- 22898600