Question
Who regulates the insurance sector in India?
>ÂSolution
The insurance sector in India is regulated by the Insurance Regulatory and Development Authority of India (IRDAI). It is a statutory body established under the Insurance Regulatory and Development Authority Act, 1999. The IRDAI is responsible for regulating, promoting and ensuring orderly growth of the insurance sector in India. The functions of the IRDAI include granting licenses to insurance companies, regulating the premiums charged by insurance companies, protecting the interests of policyholders, and ensuring that insurance companies maintain adequate solvency margins. Hence, option C is correct.
Which of the following is a feature of the Indian Constitution?
When was the Indian Meteorological Department, Which collects data on temperature, rainfall, wind, etc., and makes weather forecasts, established by the...
Which of the following locations is not part of the tropical archipelago of Lakshadweep, consisting of 36 atolls and coral reefs situated in the Laccadi...
The colour of solid iodine is -
Allan Octavian Hume, a retired English ICS officer, formed the indian National Union in ______.
A company is called Decacorn if its value is _________.
The ‘Karthumbi’ umbrella, highlighted by Prime Minister Narendra Modi in his 'Mann Ki Baat' program, is made by tribal women from which Indian state...
Consider the following statements in regards Towns of Export Excellence (TEE):
1.   It will also be able to avail Common Service Provider (C...
Who has been appointed as the Chairperson of the National Green Tribunal?
Into how many books is the Akbar Nama divided?
