IRDA Insurance Regulatory and Development Authority (IRDA) India
Duties, Powers, and Functions of IRDA
All insurance companies can deposit 100Crores at IRDA. to establish an insurance company this is the must. if company loss IRDA can settle claims with this budget. but lot of insurance of showing more than 700 Crores in their company including ICICI, HDFC, reliance, max Bupa and other etcc.. except LIC.
IRDA Role in insurance industry