Question

What are the main objectives of the IRDA?

a.

Maximizing profits of insurance companies

b.

Protecting the interest of the insured and promoting orderly growth of the insurance industry

c.

Establishing a monopoly in the insurance sector

d.

Minimizing policyholders' interests

Answer: (b).Protecting the interest of the insured and promoting orderly growth of the insurance industry Explanation:The main objectives of IRDA are protecting the interest of the insured (policyholders) and promoting orderly growth of the insurance industry.

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Q. What are the main objectives of the IRDA?

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