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What are the powers of IRDA?

lekhraj.kushwaha 9th Dec, 2022

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lekhraj.kushwaha 9th Dec, 2022

IRDA has various powers which includes

IRDA approves product terms and conditions offered by various insurers.
It regulates investment of funds by various companies
It specify financial reporting norms of various
It ensures insurance coverage is provided in rural areas and also to the vulnerable sections of the society.

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