Insurance Regulatory and Development Authority of India (IRDAI) is constantly driving to increase insurance penetration, ensuring availability of insurance in every nook and corner of the country and also facilitating ease of doing business in the Indian Insurance market. In this direction, IRDAI has launched a Single Window NOC Portal (www.noc.irda.gov.in).

This will expedite the process of incorporation of an insurer. Interested entities can obtain NOC from IRDAl 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 is also placed on the portal. Further, an internal facilitation group will be formed within IRDAl for each new application. The group will provide necessary guidance on the process to be followed for registration of insurers with IRDAI.

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This entry is part 14 of 17 in the series September 2022 - Insurance Times

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