IRDA with its headquarters at.....is the Regulatory Authority for all insurance companies in India including the Life Insurance Corporation of India.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

IRDA with its headquarters at____is the Regulatory Authority for all insurance companies in India including the Life Insurance Corporation of India.

A	Hyderabad
B	Bengaluru
C	Mumbai
D	Delhi

Explanation:

Detailed explanation-1: -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. 2.

Detailed explanation-2: -IRDAI monitors the investment of funds by insurance companies and governs the maintenance of the margin of solvency. 12. It also judges the disputes between insurers and intermediaries or insurance intermediaries.

There is 1 question to complete.