What is the full form of IRDA?

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    • Insurance Regulatory and Development Authority is a regulatory body for insurance sector in India. It is an autonomous body and was constituted by the Parliament of India by a special act in the year 1999. IRDA has ten members in its body and it is a stutory body that regulates and develops the insurance industry. Its mission is to protect the interest of policyholders and ensure fair treatment to them. The growth of insurance industry should be such that it brings benefit to common man and help the economy in long term. The official website of the organization is http://www.irda.gov.in/.

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