You won't know LKG full-form, IRDA full-form, UKG full-form. So you can read at Ginfo4U about the full form of LKG, UKG, and IRDA.
What does LKG Full From and Mean?
The LKG-full form is "Lower Kinder Garten". LKG is called kindergarten in Hindi. All children start their Careers with LKG. Our education starts with LKG only. In the LKG, children between 3 and 4 years old are kept, where children are taught to draw and draw a line by holding pencils. In most schools, children are also taught sketches, poetry, etc.
First of all, children are given admission in Nursery, LKG i.e. Lower Kinder Garten. In which children study for one year, after which they get admission to Upper Kinder Garten. Children have to study in UKG for a year before going to first class.
Most of the children study for 3 to 4 years in pre-primary school (class), so that they can study without any problem in the 1st standard of a primary school. In today's time, primary education is necessary for most of the schools in India.
Primary education includes Nursery, LKG, and UKG Classes. In these Pre-primary classes, children are given such activities to be independent and in these activities, besides studying, eating food, wearing clothes, living cleanly, etc. are also activities.
UKG Full Form in English
The UKG full form is "Upper Kinder Garden". UKG is called Upper Kindergarten in Hindi. Children aged 4 to 5 study at UKG. After LKG, children are put forward in UKG. In this also, children are taught educational activity along with sports. Children of UKG are taught many types of activity such as -
- Drawing
- Learning of Numbers
- Cleanliness
IRDA Full Form in English
The IRDA's full form is the "Insurance Regulatory and Development Authority". The Insurance Regulatory and Development Authority is an authority (agency) of the Government of India. It is an autonomous and statutory body that regulates and promotes insurance.
At present, almost every person is taking advantage of insurance schemes in one way or the other. The insurance scheme plays a special role in the economic development of our country. And we get to see many types of fraud with insurance holders and cases of getting money or not getting insurance money. IRDA organization was created to deal with all such matters related to insurance, it resolves any problems related to insurance.
The range of insurance contracts varies for all regions. This means that some contracts have a time of one year and some may be of twenty years or more and the size of such contracts is also large.
To resolve similar disputes, the government has appointed a regulator that monitors all kinds of problems by monitoring activities. In view of the problems faced in the insurance sector, the Government of India set up an agency called IRDA for monitoring and solution and has also given the responsibility of overseeing the development of this sector.
IRDAI Established
The Insurance Regulatory Development Authority of India (IRDA) is a regulatory body that has only one intention to create is to 'protect your interests'. Along with this, it fully monitors the insurance-related activities and keeps the insurance industry under control, it is also entrusted with the task of overseeing its development. IRDA was constituted by the IRDA Act, 1999, and its head office is located in Hyderabad, Telangana.
What is the main objective of the Authority?
Under this Act, only the Insurance Controller has been replaced by a new authority under the Insurance Act 1398.
- Promote the interests and rights of policyholders.
- Promote the development of the insurance industry and keep it under its supervision.
- Preventing fraud and omission of insurance products and prompt settlement of genuine claims.
- Carry out actions on transparency and appropriate code of conduct in the financial markets dealing with insurance.
What are the Functions and Duties of IRDA?
Section 14 of the IRDA Act, 1999 deals with the duties, powers, and functions of the IRDA.
1. It also regulates the registration of insurance companies.
2. Its main function is to protect the interests of policyholders related to policy's surrender value, insurance claims settlement, insurable interest, nomination by policyholders, other terms and conditions of an insurance contract.
3. In general insurance cases, assessing the losses of the policyholder, be told the code of conduct.
4. Insurance promotes proficiency in conducting business.
5. In addition, it promotes and regulates the professional organization associated with insurance and reinsurance business.
6. Works to resolve disputes between insurers and middlemen.
7. Maintains a complete account of the life insurance business and general insurance business accepted by the insurer in the rural or social sector.
IRDA Structure:-
IRDA is a ten people organization which is as follows -
- There is a chairman whose tenure is five years and the maximum age for that is 60 years.
- Five full-time members have a tenure of five years and a maximum age of 62 years.
- Four part-time members - not exceeding five years
- The Chairman and members of IRDA are appointed by the Government of India.
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