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IRDAI closed FY21 with Rs 124 cr surplus, M&A fee Rs 8.14 cr – Chennai News

According to IRDAI’s annual report, the overall fee revenue of the insurance coverage regulator final fiscal was about Rs 194 crore, up from about Rs 180 crore earned in FY20.

The main income for IRDAI is annual licence renewal fee from the insurers – life/non-life/reinsurers/brokers/brokers/penalties and others.

Last fiscal, IRDAI earned Rs 8.14 crore as charges for processing of amalgamation of insurers, up from Rs 7.19 crore earned below the pinnacle the earlier fiscal.

During FY21, IRDAI had earned a surplus of revenue over expenditure of about Rs 124 crore on a complete revenue of about Rs 269 crore, up from about Rs 102 crore on a complete revenue of Rs 268 crore earned throughout FY20.

Disclaimer: This story is auto-aggregated by a pc program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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