BBN Bureau
HYDERABAD/August 18-2022: Insurance Regulatory and Development Authority of India (IRDAI) has launched a Single Window NOC Portal, www.noc.irdai.gov.in.
This is aimed to expedite the process of incorporation of an insurer in the country’s insurance industry space.
IRDAI said it is constantly driving to increase insurance penetration, ensuring availability of insurance in every nook and corner of country, and also facilitating ease of doing business in the Indian Insurance market.
IRDAI has informed that interested entities can obtain NOC from the Agency through the ‘Single Window NOC Portal’ in a hassle-free and time bound manner.
A list of Frequently Asked Questions (FAQs) related to the registration of insurers has also been placed on the portal.
Further, an internal facilitation group will be formed within IRDAl for each new application, the official release said.
“The group will provide necessary guidance on the process to be followed for registration of insurers with IRDAI,” the official statement added.
