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Explain briefly the constitution of IRDA? - Pondicherry University � 2015

From the question paper on insurance law and regulations.


Asked On2020-06-24 00:00:00 by:Divyanshu-Changkakoti

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          The 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.[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]

IRDAI is a 10-member body including the chairman, five full-time and four part-time members appointed by the government of India.


Answerd on:2018-06-05 Answerd By:Sai-kiran

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