Question

    In which year was the Insurance Regulatory and Development Authority of India (IRDAI) established?

    A 1976 Correct Answer Incorrect Answer
    B 1966 Correct Answer Incorrect Answer
    C 1989 Correct Answer Incorrect Answer
    D 1999 Correct Answer Incorrect Answer

    Solution

    The IRDAI, responsible for overseeing the insurance sector in India, was established in 1999, streamlining insurance operations and focusing on the protection of policyholder interests with updated regulations consolidated into a master circular.

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