<h1>IRDA: State-Owned Insurers Surpass Rural Business Targets in FY 2010-11, Exceeding Mandated Life and Non-Life Goals.</h1> The Insurance Regulatory and Development Authority (IRDA) reported that state-owned life and non-life insurers exceeded their mandated targets for business in rural areas for the financial year 2010-11. Life insurers achieved 32.74% of total policies in rural areas, surpassing the 25% target, while non-life insurers reached 10.15% of gross direct premium income, exceeding the 7% target. These regulations, which do not apply to semi-urban areas, are part of the IRDA's obligations for insurers in rural or social sectors. Non-compliance results in regulatory action. This information was disclosed by a government official in response to a parliamentary question.