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The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous and statutory body under the jurisdiction of Ministry of Finance, Government of India. It is tasked with regulating and licensing the insurance and re-insurance industries in India. [2]
IRDAI (Registration of Insurance Marketing Firm) Regulations, 2015 (IMF Regulations) were notified in the Gazette on 21.01.2015. The Authority launched an online portal on 26th May, 2015 for facilitating the applicants to submit their applications through portal.
Founded in 1999, the IRDAI acts as an authoritative body that is tasked with regulating the insurance and reinsurance sectors in India. The IRDAI is constituted by the Insurance Regulatory and Development Authority Act, 1999.
Jul 11, 2016 · Insurance Regulatory and Development Authority of India (IRDAI) is an apex regulatory body involved in regulating and developing the insurance and reinsurance industry in India. It was constituted as a statutory body as per the provisions of Insurance Regulatory and Development Authority Act 1999.
The Insurance Regulatory and Development Authority of India (IRDAI) is vital in regulating and developing India’s insurance sector. Established in 1999 as an autonomous and statutory body, the IRDAI serves as the primary regulator for the insurance industry in the country and abroad.
Jul 9, 2024 · The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous and statutory body. It is responsible for managing and regulating the insurance and reinsurance industry in India.
Jun 13, 2018 · The Insurance Regulatory and Development Authority of India (Irdai) is an autonomous and statutory body which is responsible for managing and regulating insurance and re-insurance industry in India. Irdai is a 10-member body- a chairman, five full-time members and four part-time members.
