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__________ was constituted as an autonomous body to regulate and develop the business of insurance and reinsurance

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Question: __________ was constituted as an autonomous body to regulate and develop the business of insurance and reinsurance in India.

Options:

  1.  LIC
  2.  GIC
  3.  IRDA
  4.  NBFC

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3. IRDA

IRDA was constituted as an autonomous body to regulate and develop the business of insurance and reinsurance in India.

More information:

IRDA (Insurance Regulatory Development Authority) is a body created to regulate and develop the business of insurance and reinsurance in India.

The IRDA was set up in April, 2000 as a statutory body.

Insurance and reinsurance companies, and insurance intermediaries are governed by the Insurance Regulatory and Development Authority of India.

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