The Insurance Regulatory and Development Authority (IRDA)
Keywords:
Regulators, Policy-holder, Authority, InsuranceAbstract
The researcher in this research paper will highlight the overview of The Insurance Regulatory and Development Authority (IRDA), which is a statutory body set up for the purpose of protecting the interests of the policy-holder and regulating, promoting and ensuring orderly growth of the insurance industry in India.
The research will also show the evolution of IRDA along with taking the hypothesis as The Insurance Regulatory and Development Authority (IRDA) which has been serving as an independent regulatory authority for ensuring orderly growth of the insurance industry in India must sometimes act pro-actively like other market regulators such as SEBI so as to instill confidence among the policy-holders in the financial viability of the insurance companies.
