INTERVIEW QUESTIONS INDIAN FINANCIAL SYSTEM REGULATORY INSTITUTIONS DETAILS

Question: What is the meaning of Insurance Regulatory and Development Authority(IRDA)?

Answer: Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous apex statutory body which regulates and develops the insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India.

Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous apex statutory body which regulates and develops the insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India. Source: CoolInterview.com

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