Sectoral regulator IRDAI has issued regulations for insurance firms to carry out offshore business from Gujarat-based GIFT International Financial Services Centre (IFSC). Where is the headoffice of IRDAI?

BANKING GENERAL KNOWLEDGE

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

A	New Delhi
B	Hyderabad
C	Mumbai
D	Chennai

Explanation:

Detailed explanation-1: -The new/existing customers who are unable to complete their KYC may not be able to purchase/renew their insurance policy. KYC documents include photo IDs, such as PAN card, Aadhar card, Driving Licence, passport, etc., and Address proof, such as utility bill, Aadhar card, driving licence, passport, voter ID, etc.

Detailed explanation-2: -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.

Detailed explanation-3: -The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous regulatory body that protects the interests of the policyholder. They oversee the growth of the insurance sector in India, the requirements that different types of insurance policies project, and help maintain a speedy development.

There is 1 question to complete.