http://financialservices.gov.in/insurance-divisions/Insurance-Regulatory-&-Development-Authority WebMay 23, 2024 · IRDAI was constituted under an Act of Parliament in 1999 and is headquartered in Hyderabad. The statutory body derives its powers and functions from …
IRDA: Insurance Regulatory & Development Authority of India
WebThe table below provides you with the updated list of Statutory Bodies, notes of which will be important for the UPSC Prelims & Mains examinations. Statutory Body in India. Act. Securities & Exchange Board of India. SEBI Act, 1992. National Human Rights Commission. Protection of Human Rights Act, 1993. WebFeb 15, 2024 · The IRDA was incorporated as a statutory body in April, 2000. The key objectives of the IRDA include promotion of competition so as to enhance customer satisfaction through increased consumer choice and lower premiums, while ensuring the financial security of the insurance market. chs manager oregon
IRDAI Assistant Manager Recruitment 2024 - uprnn.co.in
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body under the jurisdiction of Ministry of Finance , Government of India and is tasked with regulating and licensing the insurance and re-insurance industries in India. It was constituted by the Insurance Regulatory and Development … See more In India insurance was mentioned in the writings of many historical documents, which examined the pooling of resources for redistribution after fire, floods, epidemics and famine. The life-insurance business began in … See more Section 4 of the IRDAI Act 1999 specifies the authority's composition. It is a ten-member body consisting of a chairman, five full-time and … See more The prime minister of India announced an insurance repository system, helping policyholders buy and maintain insurance policies in electronic form rather than on paper. Insurance repositories, like share depositories or mutual fund transfer agencies, will hold … See more The functions of the IRDAI are defined in Section 14 of the IRDAI Act, 1999, and include: • Issuing, renewing, modifying, withdrawing, … See more • Website See more WebDecisions of a quasi-judicial body are often legally enforceable under the laws of a jurisdiction. List of Quasi-Judicial Bodies in India are: National Green Tribunal; Central … WebREGISTRATION OF I) INDIAN INSURANCE COMPANY; OR II) A STATUTORY BODY ESTABLISHED BY AN ACT OF PARLIAMENT TO CARRY ON INSURANCE BUSINESS Procedure for registration 3. (1) An applicant desiring to carry on insurance business shall make an application to the Authority for issuance of requisition for registration application … chs marchant toulouse