Question

Which of the following regulatory bodies regulates the insurance sector in India?
1. TRAI
2. NABARD
3. FSSAI
4. IRDAI

Answer 1

Correct Answer - Option 4 : IRDAI

The correct answer is IRDAI.

• IRDAI regulatory bodies regulate the insurance sector in India.

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• The full form of IRDAI is the Insurance Regulatory and Development Authority of India.
• It is a regulatory body under the jurisdiction of the Ministry of Finance, Government of India.
• And is tasked with regulating and promoting the insurance and re-insurance industries in India.
  • Founded: 1999
  • Sector: Insurance
  • Headquarters: Hyderabad
  • Chairperson: Subhash Chandra Khuntia

System	Full-Form	Founded	Sector	Headquarters	Chairperson
TRAI	Telecom Regulatory Authority of India	1997	Telecommunications	New Delhi	Ram Sewak Sharma
NABARD	National Bank for Agriculture and Rural Development	12 July 1982	Ministry of Finance	Mumbai	Harsh Kumar Bhanwala
FSSAI	Food Safety and Standards Authority of India	2011	Food safety	New Delhi	Rita Teaotia