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    Question

    When was Insurance Regulatory and Development Authority

    (IRDA) established?
    A 1972 Correct Answer Incorrect Answer
    B 1985 Correct Answer Incorrect Answer
    C 1999 Correct Answer Incorrect Answer
    D 2004 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Explanation: The Insurance Regulatory and Development Authority (IRDA) is an autonomous regulatory body in India responsible for overseeing and regulating the insurance sector. It was established in 1999 under the Insurance Regulatory and Development Authority Act, 1999. The primary objective of IRDA is to protect the interests of policyholders and ensure the orderly growth and development of the insurance industry in India.

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