IRDAI (Insurance Regulatory and Development Authority of India) - Regulatory Framework of Indian Fin Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com

hi guys welcome to exam Camilla today I
am getting AI Dai that is Insurance
Regulatory and Development Authority of
failure IRDA is an autonomous statutory
agency which is a regulator of insurance
and reinsurance industry in India this
is the logo of iodine status meant IRD
Act was passed about the recommendations
of Malhotra committee report on 7 June
1994 this committee was headed by
distance R and man under force retired
governor of our dairy AI Dai force
computed by me Insurance Regulatory and
Development Authority F 1999 which is an
Act of Parliament passed by the
Government of India the main
recommendations of this password and
without peritectic companies because
earlier to it only public sector
companies was trained in this market and
cointreau motors and an independent
regulatory authorities for insurance
sector in India I had ei I came into
existence on 19 April 2000 as statutory
body with its headquarters as in joining
but in 2001 the headquarters were
shifted to Hyderabad Telangana
organizational structure of IR Dei is a
10-member body the comprises of one
gentleman who is appointed for five
years five full time members both by
theory and for pipeline members who is
appointed not more with my Giri
detail men and members of AI Dai are
appointed by Government of India of
captives of IRB a a password to propose
the
and whites of policyholders seconds to
promote and insurance because of
insurance industry next to integer P
resettlement of Gentiles and to prevent
fraud and mail capital next to bring
transparency in dealing with insurance
functions and duties of ir dei section
14 of i and das 1999 lays down the
duties and functions of irony a first
function is it issues the registration
certificate to insurance companies and
regulates them it protects the interest
of policyholders it provides license to
insurance intermediaries such as agents
and brokers after specifying the
required qualifications and Cessnock
code of conduct for them it promotes a
regular entry professional organizations
related with the insurance business to
promote efficiency in insurance nectar
it rightly and supervisory premium-grade
and terms of insurance covers it
specifies three conditions and manners
according to which the insurance
companies and other individuals have to
make a financial report it regulates
reinvestment of policyholders funds by
insurance companies it also ensures the
maintenance of solvency Marvin by
insurance companies servants imagining
companies ability to pay out place the
IRDA I attempted to raise before ignite
enhancement Feig met in the insurance
sectors to 49% from in current
twenty-six percent energy ki calculated
its foundation day and insurance evident
based on 19 F in worldwide insurance
emergency
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