Insurance Regulatory and Development Authority of India
E633192
The Insurance Regulatory and Development Authority of India is the statutory body responsible for regulating, promoting, and ensuring the orderly growth of the insurance and reinsurance industry in India.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
government agency of India
ⓘ
insurance regulator ⓘ statutory body ⓘ |
| appointmentAuthority | Government of India NERFINISHED ⓘ |
| boardComposition |
Chairperson
ⓘ
full-time members ⓘ part-time members ⓘ |
| cameIntoForceYear | 2000 ⓘ |
| country | India ⓘ |
| establishedInYear | 1999 ⓘ |
| formedBy | Government of India NERFINISHED ⓘ |
| governingBody | IRDAI Board NERFINISHED ⓘ |
| headquartersCountry | India NERFINISHED ⓘ |
| headquartersLocation | Hyderabad NERFINISHED ⓘ |
| headquartersState | Telangana NERFINISHED ⓘ |
| issues |
circulars and directions to insurers
ⓘ
guidelines for insurance intermediaries ⓘ regulations for insurance companies ⓘ |
| jurisdiction | Republic of India NERFINISHED ⓘ |
| legalBasis |
IRDA Act, 1999
NERFINISHED
ⓘ
Insurance Regulatory and Development Authority Act, 1999 NERFINISHED ⓘ |
| objective |
to ensure financial soundness of insurers
ⓘ
to promote competition in the insurance sector ⓘ to protect policyholders and ensure fair treatment ⓘ |
| parentAgency | Ministry of Finance, Government of India NERFINISHED ⓘ |
| predecessor | Insurance Regulatory and Development Authority NERFINISHED ⓘ |
| regulates |
corporate agents in India
ⓘ
general insurance companies in India ⓘ health insurance companies in India ⓘ insurance brokers in India ⓘ insurance web aggregators in India ⓘ life insurance companies in India ⓘ reinsurance companies in India ⓘ third-party administrators (TPAs) in health insurance ⓘ |
| reportsTo | Ministry of Finance, Government of India NERFINISHED ⓘ |
| responsibility |
approval of insurance products
ⓘ
enforcement of compliance with insurance laws ⓘ framing regulations for insurance business ⓘ licensing of insurance companies ⓘ licensing of insurance intermediaries ⓘ monitoring solvency of insurers ⓘ promotion of orderly growth of insurance sector ⓘ protection of policyholders’ interests ⓘ regulation of insurance industry in India ⓘ regulation of premium rates in certain classes of business ⓘ regulation of reinsurance industry in India ⓘ |
| sector |
insurance
ⓘ
reinsurance ⓘ |
| shortName | IRDAI NERFINISHED ⓘ |
| website | https://irdai.gov.in ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
Financial Stability Report
→
regulatorCovered
→
Insurance Regulatory and Development Authority of India
ⓘ
PNB MetLife India Insurance Company Limited
→
regulatedBy
→
Insurance Regulatory and Development Authority of India
ⓘ