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    MBFS (3) R

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    Nandeep Hêãrtrøbbér
    The document outlines the roles and duties of the Insurance Regulatory and Development Authority (IRDA). The roles include protecting policyholders' interests, promoting growth of the insurance industry, and ensuring claims are settled efficiently. The duties include regulating and promoting orderly growth of the insurance business and protecting policyholders' interests.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    MBFS (3) R

    Uploaded by

    Nandeep Hêãrtrøbbér
    21 views2 pages
    The document outlines the roles and duties of the Insurance Regulatory and Development Authority (IRDA). The roles include protecting policyholders' interests, promoting growth of the insurance industry, and ensuring claims are settled efficiently. The duties include regulating and promoting orderly growth of the insurance business and protecting policyholders' interests.

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    ratio

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    MBFS (3)r

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    The document outlines the roles and duties of the Insurance Regulatory and Development Authority (IRDA). The roles include protecting policyholders' interests, promoting growth of the insurance industry, and ensuring claims are settled efficiently. The duties include regulating and promoting orderly growth of the insurance business and protecting policyholders' interests.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    21 views2 pages

    MBFS (3) R

    Uploaded by

    Nandeep Hêãrtrøbbér
    The document outlines the roles and duties of the Insurance Regulatory and Development Authority (IRDA). The roles include protecting policyholders' interests, promoting growth of the insurance industry, and ensuring claims are settled efficiently. The duties include regulating and promoting orderly growth of the insurance business and protecting policyholders' interests.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 2

    Roles of IRDA

    • To protect the policyholder’s interests.


    • To help speed up the growth of the insurance industry in an orderly fashion, for the
    benefit of the common man.
    • To provide long-term funds to speed up the nation’s economy.
    • To ensure genuine claims are settled faster and efficiently.
    • To build a dependable management system to make sure high standards of
    financial stability are followed by insurers.
    • To promote transparency, fairness and systematic conduct of insurance in the
    financial markets.
    Duties & Responsibilities

    • To regulate, promote and ensure orderly growth of the insurance business and re-
    insurance business.
    • To issue a certificate of registration and powers to renew, modify, withdraw, suspend
    or cancel the registration.
    • Protection of the interest of the policy holders.
    • To specify qualifications, code of conduct and practical training for intermediaries.
    • To specify the code of conduct for surveyors and loss assessors.

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