IRDA FULL FORM
Full Form of IRDA : Insurance Regulatory and Development Authority of India
What is the full form of IRDA?
No:1. The full form of IRDA is an Insurance Regulatory and Development Authority of India.
No:2. IRDA stands for Regulatory and Development Authority for Insurance.
No:3. It is an entity own by the India Government; it controls India’s insurance industry.
No:4. IRDA headquarter is located in Hyderabad since 2001.
No:5. It has been moved from Delhi to here.
No:6. The Indian Government created it to lead the passage of the Insurance Regulatory and Development Authority Act, 1999.
No.-1. Download 15000 One Liner Question Answers PDF
No.-2. Free Download 25000 MCQ Question Answers PDF
No.-3. Complete Static GK with Video MCQ Quiz PDF Download
No.-4. Download 1800+ Exam Wise Mock Test PDF
No.-5. Exam Wise Complete PDF Notes According Syllabus
No.-6. Last One Year Current Affairs PDF Download
No.-7. Join Our Whatsapp Group
No.-8. Join Our Telegram Group
Functions of IRDA
The key functions of IRDA are :
No:1. IRDA is accountable for the policymaking and supervision of all Indian insurance firms.
No:2. It ensures the privacy of policyholders about claim resolution, policy surrender value, and so on.
No:3. It lays down the credentials, code of ethics and skill required for insurance intermediaries & agents.
No:4. The code of conduct for surveyors & loss assessors is mentioned.
No:5. The operation of the Tariff Advisory Committee is overseen by it.
No:6. It controls investment by insurance firms in funds.
No:7. The percentage of life insurance and general insurance activities in the rural or social sector are specified.
No:8. Adjudicates the conflicts among insurers and intermediaries of insurance.
No:9. Prevents insurance policies from fraud and misspelling.
No:10. Guarantees speedy claims settlement.
Another full form of IRDA
No:1. The other full form of IRDA is Infrared Data Association.
No:2. IRDA is a group of manufacturers of devices.
No:3. It was found in 1993 by 50 firms to establish standards for the transmission of infrared details.
No:4. For data transmission, devices that adhere to IrDA standards are compatible with each other.
Applications of IRDA
No:1. Its key goal is to develop rules for data transmission via infrared waves of light.
No:2. Instead of using a cable or other linking means, infrared light is being used to transfer information from one device to another.
No:4. All you need to do is customize such devices with IRDA slots.
No:5. Due to the advancement of Bluetooth, the technology is out of use anyway.
MUST READ : VGA FULL FORM
No.-1. Download 15000 One Liner Question Answers PDF
No.-2. Free Download 25000 MCQ Question Answers PDF
No.-3. Complete Static GK with Video MCQ Quiz PDF Download
No.-4. Download 1800+ Exam Wise Mock Test PDF
No.-5. Exam Wise Complete PDF Notes According Syllabus
No.-6. Last One Year Current Affairs PDF Download
No.-7. Join Our Whatsapp Group
No.-8. Join Our Telegram Group