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Introduction to NPO

Which of the ...

Question

Which of the following is the main regulatory authority for insurance companies in India?

A

RBI

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B

SEBI

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C

LIC

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D

IRDA

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Solution

The correct option is D IRDA
IRDA - Insurance Regulatory and Development Authority of India
It issues the registration certificates to insurance companies and regulates them. It protects the interest of policy holders. It provides license to insurance intermediaries such as agents and brokers after specifying the required qualifications and set norms/code of conduct for them.

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