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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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