IRDA Means In Hindi

Hi buddy will you plz tell me what is Insurance Regulatory and Development Authority of India (IRDAI) meaning in hindi , as my brother asking me about the same here ???

[shikha]

Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India.


As you asking I am telling Insurance Regulatory and Development Authority of India (IRDAI) meaning in hindi is बीमा विनियामक और विकास प्राधिकरण.

Functions of the IRDAI are defined in Section 14 of the IRDAI Act, 1999, include:

Issuing, renewing, modifying, withdrawing, suspending or cancelling registrations

Protecting policyholder interests

Specifying qualifications, the code of conduct and training for intermediaries and agents

Specifying the code of conduct for surveyors and loss assessors

Promoting efficiency

Promoting and regulating professional organisations connected with the insurance and re
insurance industry

Levying fees and other charges

Inspecting and investigating insurers, intermediaries and other relevant organisations

Regulating rates, advantages, terms and conditions which may be offered by insurers not
covered by the Tariff Advisory Committee under section 64U of the Insurance Act, 1938 (4 of
1938)

Specifying how books should be kept

Regulating company investment of funds

Regulating a margin of solvency

Adjudicating disputes between insurers and intermediaries or insurance intermediaries

Supervising the Tariff Advisory Committee

Specifying the percentage of premium income to finance schemes for promoting and regulating
professional organisations

Specifying the percentage of life and general-insurance business undertaken in the rural or
social sector

Specifying the form and the manner in which books of accounts shall be maintained, and
statement of accounts shall be rendered by insurers and other insurer intermediaries.