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      Question

      In which year did the establishment of the Insurance

      Regulatory and Development Authority of India (IRDAI) take place?
      A 1956 Correct Answer Incorrect Answer
      B 1965 Correct Answer Incorrect Answer
      C 1972 Correct Answer Incorrect Answer
      D 1985 Correct Answer Incorrect Answer
      E 1999 Correct Answer Incorrect Answer

      Solution

      Established in 1999, the IRDAI plays a crucial role in regulating and promoting orderly growth in the insurance industry, ensuring that the interests of policyholders are safeguarded through robust regulatory frameworks.

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