Insurance Regulatory And Development Authority IRDA Act 1999

I am making project report on the topic Insurance Regulatory and Development Authority of India (IRDAI) and want organization details. Can you provide me Insurance Regulatory And Development Authority IRDA Act 1999 also tell list of functions of this IRDA organization?

[shikha]

Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous apex statutory body tasked with the regulation and promotion of the insurance and Re-insurance industries in India.




Please find the below attached file for the Insurance Regulatory And Development Authority IRDA Act 1999:


The powers and functions of the IRDAI

They include:

issuing, renewal, modification, withdrawal, suspension or cancellation of registrations;
protection of the interests of the policy holders in matters concerning assigning 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;
specifying requisite qualifications, code of conduct and practical training for intermediary or insurance intermediaries and agents
specifying the code of conduct for surveyors and loss assessors;
promoting efficiency in the conduct of insurance business;
promoting and regulating professional organisations connected with the insurance and re-insurance business;
levying fees and other charges for carrying out the purposes of this Act;

Contact:

Head Office :

Insurance Regulatory and Development Authority of India
3rd Floor, Parisrama Bhavan, Basheer Bagh HYDERABAD 500 004
Telangana State (INDIA )

Ph: (040) 23381100
Fax: (040) 6682 3334