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Who keeps an eye on the Insurance companies?

» Insurance is a heavily regulated industry.
» The Insurance Regulatory and Development Authority controls insurance regulations in India. In addition to approving rates, the regulatory body is involved in all insurance matters on behalf of private citizens and businesses.
» It issues operating licenses to insurers and agents, based on among other things:
a) ability to meet the requirements for conduct
b) knowledge about insurance issues.


What are the different ways to buy general Insurance?
What is the difference between an Agent and a Broker?
What should I look for in an agent?
Is it necessary to buy insurance through an agent?
What services does a broker provide?
What factors affect the cost of Insurance?
What is Underwriting?
What is Reinsurance?
Who do you file your claim with?
What are the things to be taken care of while filing a claim?
What happens after a claim has been filed?
What impact does a deductible have while settling a claim?
Who keeps an eye on the Insurance companies?
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