- IRDAI's functions include issuing licenses to insurance companies, protecting the interests of policyholders, and ensuring orderly growth of the insurance sector. - It was constituted by the Insurance Regulatory and Development Authority Act, 1999.
In India IRDA regulates
Asked in UPPSC Upper Mains 2005 · Topic: Money & Banking (Non-Banking Financial Companies (NBFCs): Types, Regulation, and Significance)
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