Role of Insurance Regulatory and Development Authority of India (IRDAI)

What is IRDAI?

Role and Responsibilities of IRDAI

Key Functions of IRDAI

Who is the Insurance Ombudsman?

IRDAI's Claim Settlement Guidelines

Conclusion

Coming Up Next

Ensuring Fair Play

Keeping Insurers Financially Healthy

Fast and Fair Claims Settlement

Forcing Growth in the Industry

Balancing Act

Keeping Insurance Companies in Check

Protecting Your Interests as a Policyholder

Setting Standards for Agents and Intermediaries

Ensuring Fair Practices in Claims

Charging Fees to Keep Things Running Smoothly

Keeping a Watchful Eye on the Industry

Regulating Insurance Terms & Rates

Moratorium Period: You're Covered

Interest or Delayed Claims: No More Waiting Around

Speedy Claim Process: Fast Action Required

Simplified Documentations: Less Paperwork

Claim Repudiation Restrictions: Denials Aren't Easy

Key Insurance Sector Insights and What They Mean for You