IRDAI
A plain-English definition from the DeployIT insurance technology glossary.
In short: Insurance Regulatory and Development Authority of India; the statutory regulator of India's insurance industry, governing insurers, intermediaries, products and market conduct.
Related terms
- ISNP (Insurance Self-Network Platform)
- An IRDAI framework permitting intermediaries and insurers to sell and service insurance through their own digital platforms, with prescribed system, audit and grievance requirements.
- Commission Caps
- IRDAI-prescribed limits on commission payable by line of business and channel.
See it in practice
See this concept working in software
DeployIT puts quoting, issuance, renewals, claims and commissions on one platform built for Indian insurance distribution.