1. Insurance Regulatory and Development Authority of India (IRDAI), is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority Act, 1999 (IRDAI Act 1999) for overall supervision and development of the Insurance sector in India.
Which among the following is the regulator for the insurance industry in India Mcq?
Insurance sector in India is regulated by Insurance Regulatory and Development Authority (IRDA).
Is IRDA a regulator?
IRDA is the regulatory body in India that governs both Life insurance and General insurance companies.