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The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous [1] and statutory body under the jurisdiction of Ministry of Finance, Government of India. It is tasked with regulating and licensing the insurance and re-insurance industries in India. [ 2 ]
China Banking Regulatory Commission (2003–2018), China Insurance Regulatory Commission (2003–2018), China Banking and Insurance Regulatory Commission (2018–2023), and Financial Stability and Development Committee (2017–2023) Hungarian Financial Supervisory Authority (2000–2013) Financial Regulator (Ireland) (2003–2010)
Food Safety and Standards Authority of India: Aug-2011: Security Market: Securities and Exchange Board of India: 12-Apr-1992: Aeronautical Tariff: Airports Economic Regulatory Authority: 12-May-2009: Insurance industry: Insurance Regulatory and Development Authority: 1999: Cost Accounting and Cost Audits: The Institute of Cost Accountants of ...
Following is the list of insurance companies in India which have been approved by the Insurance Regulatory and Development Authority of India (IRDAI) which is a statutory body regulating and promoting the insurance and reinsurance industries in India.There are three types of Insurance Companies in India which are as given below:
The primary regulator for insurance in India is the Insurance Regulatory and Development Authority of India (IRDAI) which was established in 1999 under the government legislation called the Insurance Regulatory and Development Authority Act, 1999. [10] [11]
The IFSC is a special economic zone that was set up to promote international financial services in India. Insurance Regulatory and Development Authority (IRDA): IRDA regulates the insurance sector in India, including life insurance, general insurance, and reinsurance.
India's Insurance Regulatory and Development Authority originally issued licenses to five entities to act as Insurance Repositories; [3] however, SHCIL Projects Limited surrendered its Insurance Repository license in September 2015. The remaining four are: CDSL Insurance Repository Limited (CDSL IR) [4] Karvy Insurance Repository Limited [5]
The Insurance Act had resulted in the formation of Controller of Insurance, a regulatory authority. But following the nationalisation of major insurance companies in India, under Life Insurance of India Corporation Act, 1956 and General Insurance Business (Nationalisation) Act, 1972, its importance diminished.