Hi buddy here I am looking for Insurance Regulatory and Development Authority of India (IRDAI) Rules For LIC Agents, as I also want to be LIC Agent, so would you pz give me require info??

[ReenaK]

Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India.

Insurance Regulatory and Development Authority of India (IRDAI) Rules For LIC Agents







Functions

Issuing, renewing, modifying, withdrawing, suspending or cancelling registrations

Protecting policyholder interests

Specifying qualifications, the code of conduct and training for intermediaries and agents

Specifying the code of conduct for surveyors and loss assessors

Promoting efficiency

Promoting and regulating professional organisations connected with the insurance and re-
insurance industry

Levying fees and other charges

Inspecting and investigating insurers, intermediaries and other relevant organisations

Regulating rates, advantages, terms and conditions which may be offered by insurers not
covered by the Tariff Advisory Committee under section 64U of the Insurance Act, 1938 (4 of
1938)

Specifying how books should be kept

Regulating company investment of funds

Regulating a margin of solvency

Adjudicating disputes between insurers and intermediaries or insurance intermediaries

Supervising the Tariff Advisory Committee

Specifying the percentage of premium income to finance schemes for promoting and
regulating professional organisations

Specifying the percentage of life- and general-insurance business undertaken in the rural or
social sector

Specifying the form and the manner in which books of accounts shall be maintained, and
statement of accounts shall be rendered by insurers and other insurer intermediaries.