IRDA India
IRDA India
Section 14 of IRDA Act, 1999 establishes the obligations, powers and works of IRDA, the Authority shall have the responsibility to govern, encourage and assure orderly development of the insurance business and re-insurance business. IRDA is determining investment of funds by insurance companies and also governing maintenance of margin of solvency.
IRDA emerge to the applicant a certification of registration renews, qualify, remove, suspend or cancel such registration. IRDA gives protection of the interests of the policy holders in affairs concerning attributing of policy, nomination by policy holders, insurable interest, settlement of insurance claim, surrender value of policy and other terms and conditions of contracts of insurance. IRDA is setting requisite qualifications, code of conduct and practical training for intermediary or insurance intermediaries and agents.
Contact details
Shri. J.Hari Narayan
Chairman 6682 0957
chairman@irda.gov.in
Website http://www.irdaindia.org/
September 17th, 2010 at 8:28 am
renewal of irda licence in MAY 2010 APPLIED. REPLY NOT YET RECEIVED.
October 15th, 2010 at 3:39 pm
I am interested to know whether there is any regulatory restrictions for issue of life insurance products to Indian citizens intending to visit certain foreign countries on business visa to Afghanistan, Bangladesh, Egypt, Sri lanka, Nigeria, Sudan, Democratic republic of Congo etc in order to ward off risks of potential accidents due to terrorist activities in these terror stricken countries.If so, the complete list of such countries.
In case, no such restrictions are there, the list of service providers in India may kindly be provided with or without any extra charges.Thanks & Regards
October 20th, 2010 at 6:49 pm
How has IRDA influenced in the Indian Economy ? OR
What is the role of IRDA in the indian financial market ?