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It is tasked with regulating and licensing the insurance and re-insurance industries in India. [2] It was constituted by the Insurance Regulatory and Development Authority Act, 1999, [3] an Act of Parliament passed by the Government of India. [4] The agency's headquarters are in Hyderabad, Telangana, where it moved from Delhi in 2001. [5]
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 ...
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)
Aviva Life Insurance Company India Ltd. Private Gurugram: 2002 13: Sahara India Life Insurance Co. Ltd. Private Lucknow: 2004 14: Shriram Life Insurance Co. Ltd. Private Hyderabad: 2005 15: Bharti AXA Life Insurance Co. Ltd. Private Mumbai: 2008 16: Future Generali India Life Insurance Co. Ltd. Private Mumbai: 2007 17: Ageas Federal Life ...
Insurance Regulatory and Development Authority; ... (UPSC) Staff Selection Commission ... Telecom Regulatory Authority of India(TRAI) Intelligence
The Insurance Act has 120 sections and 8 schedules. Under it, only an Indian company, as defined and registered under Companies Act, 1956, is allowed to operate in India. Its foreign entity-owned equity should not exceed 49% as of 2015. It must have a licence from Insurance Regulatory and Development Authority of India. [4] [5]
Chairperson, 16th Finance Commission of India: Arvind Panagariya: 16 January 2024 Governor, Reserve Bank of India: Sanjay Malhotra: 11 December 2024 [27] Chairperson, Securities and Exchange Board of India: Tuhin Kanta Pandey: 1 March 2025 Chairperson, Insurance Regulatory and Development Authority: Debasish Panda: 12 March 2022 [28 ...
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]