The document provides information on a presentation about the Insurance Regulatory and Development Authority (IRDA). It discusses that the IRDA was established through an act in 1999 to protect insurance policyholders and regulate the growth of the insurance industry. The IRDA consists of a chairperson and up to nine members, including five full-time members, appointed by the government. The mission of the IRDA is to protect policyholders, promote growth of the insurance sector, set and enforce standards, ensure customers receive accurate information, and prevent fraud. The powers of the IRDA include registration and licensing of insurers and agents, protecting policyholders, regulating qualifications and conduct, promoting professional organizations, regulating fund investments, and adjudicating disputes.

1. PRESENTATION ON I.R.D.A
Presented to : Dr.Tanvi Pathak
Presented By : Ravie

2. INTRODUCTION
The Insurance Regulatory & Development
Authority Act,1999 Provides for the Establishment of an
Authority to Protect the interest of insurance policy
holders,to regulate,promote & ensure orderly growth of
the insurance industry & matter connected there with.

3. COMPOSITION OF IRDA
The IRDA would consist of a chairperson & not
more than nine members of whom not more than five
would be full time members.
The Member is Appointed by Govt. from among
persons of ability ,integrity & standing Who have
knowledge /experience of life insurance/general
insurance/finance/economics/law/accountancy would be
useful to it.

4. MISSION STATEMENT OF IRDA
To Protect the Interest of Policy Holders.
To Bring about speedy & Orderly growth of the insurance industry for
the benefit of the common man,to provide long term funds for
accelerating growth of the economy.
To set,promote,monitor & enfotce high standard of integrity ,financial
soundness,fair dealing & competence of those it regulates.
To ensure that insurance customers receive precise, clear & correct
information about products& services & make them aware of their
responsibilities & Duties in this regard.
To ensure speedy Settlement of genuine claims,to prevent insurance
fraud & other malpractices.
To take action where such standards are inadequate or ineffectively
enforced.

5. POWERS OF IRDA(SEC-14)
Registration : Certificate Registration or
renew,modify,withdraw,suspend or cancel such
Registration.
Protection : Protect Interest of policy Holder.
Qualification : Specifying the requisite
Qualification,Code of Conduct & practicle Training for
insurance intermediaries & agents.

6. Professionalism : Promoting & Regulating Professional
Organisations connected with the Insurance &
Reinsurance Business.
Fund investment :Regulating investment of funds by
Insurance companies.
Adjudication : Adjudication of disputes between insurers
& intermediaries .
Supervising :Supervising the tariff Advisory committee.

7. THANKS