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      Question

      In which year was the Insurance Regulatory and

      Development Authority of India (IRDAI) established?
      A 1956 Correct Answer Incorrect Answer
      B 1965 Correct Answer Incorrect Answer
      C 1999 Correct Answer Incorrect Answer
      D 1985 Correct Answer Incorrect Answer

      Solution

      The IRDAI, responsible for overseeing the insurance sector in India, was established in 1999, streamlining insurance operations and focusing on the protection of policyholder interests with updated regulations consolidated into a master circular.

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