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What is the main objective of the Insurance Regulatory and Development Authority of India (IRDAI)?
  • a)
    To promote the interest of policyholders
  • b)
    To regulate the stock market
  • c)
    To oversee the functioning of the banking sector
  • d)
    To manage foreign exchange transactions
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the main objective of the Insurance Regulatory and Development...
The main objective of the Insurance Regulatory and Development Authority of India (IRDAI) is to promote the interest and rights of policyholders in the insurance industry. It regulates and supervises the insurance sector to ensure policyholder protection.
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What is the main objective of the Insurance Regulatory and Development Authority of India (IRDAI)?a)To promote the interest of policyholdersb)To regulate the stock marketc)To oversee the functioning of the banking sectord)To manage foreign exchange transactionsCorrect answer is option 'A'. Can you explain this answer?
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