Finance & Accounts

FINANCE & ACCOUNTS


Functions and Responsibilities of Finance and Accounts Department

  1. Process the requests of Insurers for:
  • Transfer of shares/ change in Shareholding 
  • Amalgamation and mergers and Arrangements of Life Insurers
  • Appointment of Nominee Directors of Agents, Intermediaries on the Board of Insurers (48A)
  • Issuance of other forms of capital and payment of Interest thereon
  • Processing of new Insurer Registration application
  • IPO, Offer for Sale(OFS) applications
  1. Monitor compliance of Insurers with Corporate Governance stipulations, Public Disclosures and Stewardship Code.

What’s New

FAQs

The equity share capital of all General Insurers is available in the annual report of the IRDAI. All annual reports are available on the web site of the Authority. The web address of the same is as under: https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_NoYearList.aspx?DF=AR&mid=11.1

The proportion of Indian promoter and Foreign Promoter of all General Insurers are available in the annual report of the IRDAI. All annual reports are available on the web site of the Authority. The web address of the same is as under: https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_NoYearList.aspx?DF=AR&mid=11.1

Segment wise premium income of all non-life insurers is available in the annual report of IRDAI. All annual reports are available on the web site of the Authority. The web address of the same is as under: https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_NoYearList.aspx?DF=AR&mid=11.1

Insurer wise premium income under rural or social sector business is available in the annual report of IRDAI. All annual reports are available on the web site of the Authority. The web address of the same is as under: https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_NoYearList.aspx?DF=AR&mid=11.1

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