Insurance Regulatory and Development Authority (IRDA) is an autonomous apex statutory body which regulates and develops the insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India.
The agency operates from its headquarters at Hyderabad, Telangana where it shifted from Delhi in 2001.
IRDA batted for a hike in the foreign direct investment (FDI) limit to 49 per cent in the insurance sector from the erstwhile 26 per cent.The FDI limit in insurance sector was raised to 49% in July 2014.
| Abbreviation | IRDA |
|---|---|
| Headquarters | 3rd Floor, Parisrama Bhavan, Basheer Bagh, Hyderabad,Telangana |
| Location | |
| Coordinates: 17.385°N 78.486°E | |
| Chairman, IRDA | T.S. Vijayan |
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जवाब देंहटाएंthanks sir
जवाब देंहटाएं