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Functions and Responsibilities of Finance and Accounts Department
- 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
- Monitor compliance of Insurers with Corporate Governance stipulations, Public Disclosures and Stewardship Code.
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FAQs
what is the ‘Equity Share Capital’ of general insurance companies?
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
what is the proportion of ‘Foreign Direct Investment’ and ‘Indian Promoter Investment’ in the general insurance companies?
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
what is the year wise ‘Premium Income’ of general insurance companies?
what is the segment wise ‘Premium Income’ of general insurance companies?
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
what is the premium income of non-life insurance companies under ‘RURAL OR SOCIAL SECTOR BUSINESS’?
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