Insurance Regulatory Development Authority (IRDA) is the regulatory authority in Insurance India. Similiar body exists in insurance all over the world.
c.s.rao
Insurance Regulatory and Development Authority
Insurance Regulatory and Development Authority
USA
Insurance Regulatory and Development Authority
Insurance Regulatory and Development Authority
IRDA - = Insurance Regulatory and Development Authority =
IRDA (insurance regulatory and development authority)
Insurance sector in India is regulated by 'Insurance Regulatory Development Authority (IRDA).
In fact, the insurance regulatory authority has to look after the interests of both Insurance Company and the insured persons. While policy matters are formulated to such an extent that the insurers are not loosers vis a vis the insured persons are not deprieved of their fundamental rights in getting claims while in distress. This dual challenges post enorous responsibility on the insurance regulatory authorities.
The Insurance Regulatory and Development Authority (IRDA) was formed by an act of Indian Parliament known as IRDA Act 1999