Insurance

Authority

The IRDA, created under the Insurance Regulatory and Development Authority Act of 1999, serves as the governing body for the insurance industry. Its main responsibility is to oversee and regulate the activities of insurance companies. This ensures the protection of both consumers and the overall stability of the industry. The IRDA plays a crucial role in maintaining the financial health and integrity of the insurance sector. Its establishment is a crucial step towards promoting a fair and efficient insurance market.

Related terms

Securities outstanding

Understand the meaning and definition of Securities outstanding in the context of stock market, trading, and investments.

MORE
Renewal Premiums

Understand the meaning and definition of Renewal Premiums in the context of stock market, trading, and investments.

MORE
In Force

Understand the meaning and definition of In Force in the context of stock market, trading, and investments.

MORE
Endorsement

Understand the meaning and definition of Endorsement in the context of stock market, trading, and investments.

MORE
Inland transit policy

Understand the meaning and definition of Inland transit policy in the context of stock market, trading, and investments.

MORE
Cash value option

Understand the meaning and definition of Cash value option in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers