What is IRDA?
The Insurance Regulatory and Development Authority of India is a regulatory body under the Ministry of Finance, Government of India for regulating and licensing the insurance and re-insurance companies in India. It regulates Health Insurance Companies and General Insurance Companies.
The IRDA was founded in 1999 and is headquartered in Hyderabad.
What is the full form of IRDA?
The full-form of IRDA is Insurance Regulatory and Development Authority.
It acts as the regulator of the insurance industry in India and oversees the operations of Life Insurance and General Insurance companies operating in the country.