This document outlines the Insurance Regulatory and Development Authority of India's (IRDAI) Research Grant Scheme. It details the scheme's objective to foster research in the insurance sector, covering areas like policyholder protection and industry growth. The document specifies grant support up to Rs. 5 lakh, eligibility criteria for applicants (typically PhD holders affiliated with research institutions), and the application procedure. It's a valuable resource for researchers and institutions interested in obtaining funding for insurance-related studies.