Jagran Josh Logo

IRDA renamed to Insurance Regulatory and Development Authority of India

Dec 31, 2014 16:48 IST

Insurance Regulatory and Development Authority (IRDA) was renamed as Insurance Regulatory and Development Authority of India on 30 December 2014.

The change in name came in to effect after the promulgation of Insurance Laws (Amendment) Ordinance, 2014, by the President of India on 26 December 2014.

The amendment was done to the Insurance Regulation and Development Act, 1999 by inserting the words India after Development Authority in Section 105 of the Ordinance amends section 2 (1)(b) of the IRDA Act.

About IRDA
Insurance Regulatory and Development Authority (IRDA) is an autonomous apex statutory body. It regulates and develops the insurance industry in India.
It was constituted by Parliament of India vide Insurance Regulatory and Development Authority Act, 1999.

Is this article important for exams ? Yes514 People Agreed
Read more Current Affairs on: IRDA , renamed IRDA of India

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Newsletter Signup
Follow us on
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK