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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.
Following is the list of insurance companies in India which have been approved by the Insurance Regulatory and Development Authority of India (IRDAI) which is a statutory body regulating and promoting the insurance and reinsurance industries in India.There are three types of Insurance Companies in India which are as given below:
List. 1. RBI – Reserve Bank of India. Sector: Banking & Finance, Monetary Policy. Start function on 1 April 1935. NATIONALISATION : 1 January 1949. CURRENT HEAD : Shri Shaktikanta Das. 2. SEBI – Securities and Exchange Board of India.
About IRDAI. Stands for Insurance Regulatory and Development Authority of India. Autonomous and Statutory Body under the jurisdiction of Ministry of Finance. Formed in 1999. Constituted under Insurance Regulatory and Development Authority Act, 1999. Headquarters – Hyderabad then moved to Delhi in 2001.
The Bureau has also been entrusted by IRDAI, the responsibility of building a repository of all Insurance Sales Persons. De-duplication is also facilitated to ensure that the Applicant is not engaged with any other insurer or insurer intermediary.
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.
Insurance Regulatory and Development Authority of India (IRDAI), is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority Act, 1999 (IRDAI Act 1999) for overall supervision and development of the Insurance sector in India. 2.
Our Mission. To protect the interests of the policyholders, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto. LEARN MORE.
IRDAI is a statutory body formed under an Act of Parliament, i.e., the Insurance Regulatory and Development Authority Act, 1999 (IRDAI Act 1999), for the overall supervision and development of the insurance sector in India.
