Sunday, March 16, 2008

Insurance Regulatory and Development Authority (IRDA) in India

The insurance regulatory and development authority (IRDA) is an autonomous body formed by IRDA ACT' 1999 bill passed in the Parliment of India. The main Objective of the IRDA is to Protect the interest of the insured policy holders in india. The other objective of IRDA is to regulate insurance, Promote and ensure orderly growth of the insurance company's in india.