---
title: "For what area IRDA – Insurance Regulatory And Development Authority work for ?"  
description: "For what area IRDA – Insurance Regulatory And Development Authority work for ?"  
author: "Navya Khurana"  
published: 2017-12-14  
canonical: https://answers.mindstick.com/qa/31708/for-what-area-irda-insurance-regulatory-and-development-authority-work-for  
category: "banking"  
tags: ["irda – insurance regulatory and development authority is established"]  
reading_time: 1 minute  

---

# For what area IRDA – Insurance Regulatory And Development Authority work for ?

For what area IRDA – [Insurance](https://www.mindstick.com/articles/54967/health-insurance-in-germany-who-can-benefit-from-private-health-insurances) Regulatory And [Development](https://www.mindstick.com/blog/359/iphone-development-introduction) [Authority](https://answers.mindstick.com/qa/99266/which-indian-authority-regulates-mutual-funds) work for ?

## Answers

### Answer by Vishal Kesarwani

**For regulating and promoting the insurance and reinsurance industries in our nation Insurance Regulatory and Development Authority has been organized.** It had been deep-rooted by the Insurance restrictive and Development Authority Act, 1999, associate degree Act which was passed by the Government of India.

![For what area IRDA – Insurance Regulatory And Development Authority work for ?](https://answers.mindstick.com/questionanswer/7e574ac5-1dbb-4c67-a543-919f7fa3e2e0/images/4dff4c47-2382-4ae3-bd74-61078444e670.png)\

**The agency's headquarters are situated in Hyderabad, Telangana,** wherever it **moved from Old Delhi in 2001.**

This **authority has a 10-member body** as well as the chairman, 5 full-time and 4 part-time members appointed by the govt. of the Republic of India.

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