Go Back   2018-2019 StudyChaCha > StudyChaCha Discussion Forum > General Topics

Old November 10th, 2017, 04:11 PM
Posts: n/a
Default Role and Functions of IRDA+Ppt

I am preparing for interview to get job in IRDA. I want important topics on Role and Functions of IRDA. So someone is here who will provide important points on Role and Functions?
Reply With Quote Quick reply to this message
Old November 11th, 2017, 09:32 AM
Educhamp's Avatar
Super Moderator
Join Date: May 2011
Location: Delhi
Posts: 38,230
Default Re: Role and Functions of IRDA+Ppt

As you want to get information about Role and Functions of IRDA, so I am providing complete information related to Role and Functions:


Objectives of IRDA:
To promote the interest and rights of policy holders.

To bring transparency and orderly conduct of in financial markets dealing with insurance.

To promote and ensure the growth of Insurance Industry.

To ensure speedy settlement of genuine claims and to prevent frauds and malpractices

Functions & Duties of IRDA:
Section 14 of IRDA Act,1999 lays down the duties and functions of IRDA:

It protects the interest of policy holders.

It promotes and regulates the professional organisations related with insurance business to promote efficiency in insurance sector.

It specifies the conditions and manners, according to which the insurance companies and other intermediaries have to make their financial reports.

It also ensures the maintenance of solvency margin (company's ability to pay out claims) by insurance companies.

It issues the registration certificates to insurance companies and regulates them.

It provides license to insurance intermediaries such as agents and brokers after specifying the required qualifications and set norms/code of conduct for them.

It regulates and supervise the premium rates and terms of insurance covers.

It regulates the investment of policyholder's funds by insurance companies.

You can contact us on website where you are visiting now to get more information about IRDA. We will provide best information as you want.
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
Sponsored Links

Other Discussions related to this topic
Functions Of Hindustan Petroleum
Functions Performed By Municipal Corporation
Functions and Role of IRDA
IRDA And Its Role In Financial Market
Role and Functions of Union Bank of India
What Is IRDA And Its Functions
Functions Of Unit Trust Of India UTI
Role of ONGC
AIIMS Functions
Role Of BPSC
What Is The Role Of IRDA
Role of ECGC pdf
Role of SBI PO
ECGC Bank Functions
Public management Functions
Principle and functions of management.
RBI Functions PDF
RBI functions in details


Reply to this Question / Ask Another Question
Your Name: Click here to log in


Forum Jump

All times are GMT +6.5. The time now is 05:05 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8 9