The Insurance Regulatory and Development Authority of India (herein after referred to as ‘IRDAI’) is the regulator for Insurance Industry in India. It is also mandated with the development of the insurance sector in the country. It was established in the year 2000 under an act of Parliament, to ensure protection of policyholders’ interest as well as to promote orderly growth of insurance industry in India.
The IRDAI protects the policyholder interests by ensuring fair and equitable terms in insurance policy, trained and qualified insurance distributors, well-defined claims settlement processes and procedures, robust grievance redressal mechanisms for effective and speedy resolution. The IRDAI is focused on growth of the insurance sector and to make insurance available to every part of the country and to every segment of society through innovative distribution solutions in a cost-effective manner.
In that context, IRDAI invites people of the country to suggest a suitable tagline that encompasses and depicts its role.
NOTE- Tagline should be in Hindi
Eligibility Criteria is proposed as under-
1- The Participants must be above 18 years and a citizen of India.
2- Entries are open only for individuals and not groups/organizations
3- Entries will be judged on creativity, originality, simplicity, visual impact, vibrancy, artistic merit and how well the theme is communicated.
The Winning entry will be awarded cash prizes for each category (1st, 2nd and 3rd prize)
1st Prize – Rs 20 lakhs
2nd Prize – Rs 10 lakhs
3rd Prize – Rs 5 lakhs