The Insurance Regulatory and Development Authority of India – IRDA

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Insurance Regulatory and Development Authority of India – भारतीय बीमा विनियामक और विकास प्राधिकरण

The Insurance Regulatory and Development Authority is a statutory, autonomous body in India that is accountable for promoting and regulating the insurance as well as reinsurance industries of the country. The Insurance Regulatory and Development Authority Act or IRDA Act of 1999 constituted the IRDA.irda portal

The headquarters of IRD Authority was in New Delhi till 2001, but at present, they are in Hyderabad, the capital of Telangana State.

Functions of the IRDA

The Insurance Regulatory and Development Authority has several significant features, namely,

  • Issuing, modifying, renewing, withdrawing, canceling and suspending registrations
  • Defining the code of conduct for loss assessors and surveyors
  • Stating how they need to keep the books
  • Promoting efficiency

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  • Levying charges
  • Protecting the interests of policyholders
  • Specifying qualifications for agents and intermediaries
  • Regulating advantages, rates, conditions and terms of the insurers
  • Regulating and encouraging professional organizations which have a connection with the reinsurance and insurance industry

Visit the IRDA online website to know in detail about its functions.

Pension policies of IRDAinsurance regulatory and development authority

Pension policies provide economic security to people after retirement. With the aim of safeguarding the policyholders’ interests, IRDAI issues guidelines to the industry of life insurance. According to its instructions, pension products offer assured benefits in case of

  • Death
  • Vesting
  • Surrender

The IRDA portal keeps you informed about all the latest schemes of the Insurance Regulatory and Development Authority.insurance in india

IRD Authority also has a grievance management cell that allows policyholders to register online and register their grievances or complaints. People know it as IGMS or Integrated Grievance Management System. If a policyholder wants to complain, he needs to give accurate information like policy number, insurer’s name, contact details of the complainant, etc. After registration of complaints, they can check their complaint status using the registered credentials.insurance ombudsman

The Insurance Regulatory and Development Authority of India has an insurance repository database that helps policyholders to purchase and maintain their insurance policies as e-policies instead of keeping them on paper.


IRDA Website: https://www.irdai.gov.in
Phone Number: 040-20204000
Email Id: irda@irda.gov.in
YouTube: http://www.youtube.com/channel/IRDA
Address Info:
IRDA of India,
Sy No: 115/1, Financial District,
Nanakramguda, Gachibowli,
Hyderabad – 500032,
India.