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Question
Write a note on IRDAI.
Short Note
Solution
IRDAI – Insurance Regulatory Development and Authority is the statutory, independent, and apex body that governs and supervises the Insurance Industry in India. It was constituted in 2000 by the Parliament of India act called IRDAI Act, 1999. Presently IRDAI headquarters is in Hyderabad.
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Insurance Regulatory Development Authority of India (IRDAI)
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