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    Question

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

    A 1963 Correct Answer Incorrect Answer
    B 1974 Correct Answer Incorrect Answer
    C 1999 Correct Answer Incorrect Answer
    D 1987 Correct Answer Incorrect Answer
    E None of these 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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