Tuesday, December 16, 2008

IRDA

  • Any insurance company to start their business, they have to register under IRDA.
  • Based on IRDA approval only they can start their insurance business. In this way, Both BajajAllianz and TLC Insurance India Pvt. Ltd are registeredcompanies under IRDA
  • What is IRDA-IRDA is an independent authority like RBI. RBI isspecially meant for Banking Sector. Similarly IRDA is meant for Insurance Sector by Government of India

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