Question

Which among the following is the regulatory body for the insurance industry in India?

a.

Insurance Authority of India

b.

Insurance Regulatory and Development Authority of India

c.

Life Insurance Corporation of India

d.

General Insurance Corporation of India

Posted under IC38 Life Insurance Agent Exam

Answer: (b).Insurance Regulatory and Development Authority of India Explanation:The regulatory body for the insurance industry in India is the Insurance Regulatory and Development Authority of India (IRDAI). The Insurance Authority of India, Life Insurance Corporation of India (LIC), and General Insurance Corporation of India (GIC) are not the regulatory bodies but are entities within the insurance industry in India.

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Q. Which among the following is the regulatory body for the insurance industry in India?
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