Thursday 30 August 2012

0 IRDA APPROVES TLC AND BAJAJ ALLIANZ

What is IRDA ???
IRDA is the short form of "Insurance Regulations And Development Authority"

They are like RESERVE BANK. Reserve Bank controls all the banks in INDIA. Like IRDA controls all the insurance companies in India.

Rules And Regulations That Need To Be Followed To Start An Insurance Company In India !!!

  • No foreign company can start insurance business in INDIA.
  • They need to join with any Indian company to start their business. So world's no.1 insurance company ALLIANZ joined with India's no.1 two wheeler manufacture BAJAJ to start insurance business in India.
  • Next thing is the deposit, all insurance companies should deposit 100 crores Cash and should show 1000 crores of property to IRDA.(These are the rules formed by IRDA)

So it is completely safe to deposit in any IRDA registered insurance companies.

TLC And Bajaj Allianz Approved by IRDA

  • Bajaj Allianz followed the rules framed by IRDA and started their business by depositing such a huge amount.
  • TLC also followed the IRDA rules to become channel partner and got approved by IRDA.
  • (TLC is the first company to get approved by IRDA as a channel partner)

Is It Safer To Business With TLC???

As registered by IRDA it's completely safe to do business with TLC and Bajaj Allianz. Any mis-conduct will be taken care by IRDA and the government.


IRDA WEBSITE AND TOLL FREE NUMBER

For any further queries you can contact IRDA directly.

IRDA TOLL FREE NO IS 155255
CLICK HERE AND GO TO IRDA SITE

IRDA Life Insurers list

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