The Insurance Regulatory and Development Authority of India (IRDAI) is the governing body responsible for regulating and ensuring compliance for insurance companies in India. Our HQ:- G 10, Sector 63, Noida, India, 201301 Key IRDA Compliance Requirements for Insurance Companies:
1. Licensing & Registration
? Mandatory IRDAI License – Every insurance company ...Read more
The Insurance Regulatory and Development Authority of India (IRDAI) is the governing body responsible for regulating and ensuring compliance for insurance companies in India. Our HQ:- G 10, Sector 63, Noida, India, 201301 Key IRDA Compliance Requirements for Insurance Companies:
1. Licensing & Registration
? Mandatory IRDAI License – Every insurance company must obtain a license under the Insurance Act, 1938.
? Minimum Capital Requirement – ?100 Crore for Life & General Insurance and ?200 Crore for Reinsurance Companies.
2. Financial & Solvency Compliance
? Solvency Margin Maintenance – Insurers must maintain a solvency ratio of 1.5 times as per IRDAI regulations.
? Periodic Financial Reporting – Submission of quarterly and annual reports to IRDAI.
Email Address:- reach@corpzo.com
Phone : +91 9999139391
URL:- https://www.corpzo.com/
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