Ensure that the insurance business is compliant with the laws and regulations that are passed by the IRDAI from time to time.
To control the business of insurance in India. Insurance sector requires to be heavily regulated to protect the interests of consumers.
It also assures the people and authorities that proper rules and regulations, and extra care and protection are followed while carrying out the business of insurance.
The Insurance Company License ensures that insurance businesses is being monitored and regulated on a constant basis.
The IRDAI would also handle any form of grievance of policyholders. This would be addressed as a grievance handling mechanism.
Securing an insurance license would ensure that a business is compliant with all regulations governing insurance.
To control the business of insurance in India. Insurance sector requires to be heavily regulated to protect the interests of consumers.
It also assures the people and authorities that proper rules and regulations, and extra care and protection are followed while carrying out the business of insurance.
The Insurance Company License ensures that insurance businesses is being monitored and regulated on a constant basis.
The IRDAI would also handle any form of grievance of policyholders. This would be addressed as a grievance handling mechanism.
Securing an insurance license would ensure that a business is compliant with all regulations governing insurance.