The Insurance Regulatory and Development Authority of India (IRDAI)

The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory body.

 

  • Headquarters – Hyderabad, Telangana, where it moved from Delhi in 2001.
  • Present Chairman – Subhash Chandra Khuntia.
  • It is regulating and promoting the insurance and re-insurance industries in India.
  •  It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India.
  • IRDAI is a 10-member body including the chairman, five full-time and four part-time members appointed by the government of India.
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