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Which of the following organisations is responsible for regulating Indian insurance sector market ?
  • a)
    IRDA
  • b)
    SEBI and RBI
  • c)
    Ministry of Commerce
  • d)
    NITI Aayog
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which of the following organisations is responsible for regulating Ind...
IRDA is responsible for regulating the Indian insurance sector market.
The Insurance Regulatory and Development Authority of India (IRDA) is an autonomous regulatory body that protects the interests of the policyholder. IRDA has the duty to regulate, promote and ensure orderly growth of the insurance business and re-insurance business. 
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Which of the following organisations is responsible for regulating Indian insurance sector market ?a)IRDAb)SEBI and RBIc)Ministry of Commerced)NITI AayogCorrect answer is option 'A'. Can you explain this answer?
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