Rules of IRDA for Agents

Hi buddy here I have come to know Insurance Regulatory and Development Authority of India (IRDAI) Rules related to Agents posts , so would you plz tell me about it ??

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

Rules of IRDA for Appointment of Insurance Agent by the Insurer:

An applicant seeking appointment as an Insurance Agent of an Insurer shall submit an application in Form I-A to the Designated Official of the Insurer

The Designated Official of the insurer, on receipt of the application, shall satisfy himself that the applicant:-

Has furnished the Agency Application in Form I-A complete in all respects;

Has submitted the PAN details along with the Agency Application Form;

Has passed the insurance examination as specified under Clause VI;

Does not suffer from any of the disqualifications mentioned in Clause VII

Has the requisite knowledge to solicit and procure insurance business; and capable of providing the necessary service to the policyholders;

Contact info:
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

Delhi Office:


Insurance Regulatory and Development Authority of India
Delhi Office – Gate No. 3
Jeevan Tara Building, First Floor
Sansad Marg, New Delhi-110001

Ph: (011) - 2344 4400

Fax: (011) - 2374 7650

Mumbai Office:


Insurance Regulatory and Development Authority of India
Mumbai Regional Office
Royal Insurance Building
12, J. Tata Road, Ground Floor
Mumbai 400 020.
Near Churchgate)


Phone No.: 022- 22898600

__________________
Answered By StudyChaCha Member