Irda revises norms for online training institutes

The Insurance Regulatory & Development Authority (Irda) on Thursday has revised its guidelines that are applicable to all the online training institutes granting licences to the agents in the insurance industry. These guidelines will be effective from June 1, 2010 and any violation, non-adherence and breach of these instructions shall be treated as violation of provisions of Irda Act, leading to penal provisions, including fine, suspension and cancellation of the approval granted by the authority from time to time, said Irda. All institutes should have qualified permanent/part-time faculty for each stream to solve the on-line queries of the students. The ...

More...