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What is Insurance Regulatory and Development Authority?

0 4 Views | Posted a year ago
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    Answered by

    Akansha Bisht | Contributor-Level 10

    a year ago

    The insurance and reinsurance sectors in India are governed and licensed by the Insurance Regulatory and Development Authority of India (IRDAI), a statutory body. The Insurance Regulatory and Development Authority Act, of 1999 gave rise to the establishment of the IRDAI in 1999. The Government of India's Ministry of Finance is in charge of it. 

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