IRDA is the regulatory body for the insurance sector in India, established in 2000. It is headed by a chairman and has 10 members appointed by the Government of India. IRDA regulates and develops the insurance industry, protects policyholders' interests, and promotes an orderly growth of the insurance market. It is responsible for licensing insurance companies and intermediaries, approving training institutions, and monitoring insurance products and pricing.

2.  Presented By:

3.  IRDA is the controlling and regulatory apex body in the
country for insurance sector and its chairman and
members are appointed by Government of India. IRDA’s
HQ is located at Hyderabad.
 The Authority is a ten member team of
I. a Chairman;
II. five whole-time members;
III. four part-time members,
(all appointed by the Government of India)

4.  IRDA was setup in 2000 as an autonomous body to
regulate and develop the business of insurance and
reinsurance in the country as per the insurance
regulatory and development authority act,1999.
 The main objective of setting up IRDA was to
promote market efficiency and ensure consumer
protection.

5. To protect the interest of and secure
fair treatment to policyholders.
To promote, regulate and ensure
orderly growth of the insurance
industry
Conduction of insurance business
across India in ethical manner

6.  Registration (licensing) including renewal of
registration of insurance companies.
 Licensing of insurance intermediaries such as
agents, surveyors and loss assessors, third party
administrators, brokers etc.
 official approval of agent’s training institutions.
 Monitoring all non-tariff products including
pricing of products, terms and conditions
thereof, etc

7. IRDA
Insurance
Companies
Agents
Insurance
Advisory
committee
Insurance
ombudsman
Tariff Advisory
committee
Insurance
associations/
insurance
councils
Insurance brokers
Surveyors and
loss assessors
Third party
administrators