🍃The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory body tasked with regulating and promoting the insurance and re-insurance industries in India.
🔅It was constituted by the Insurance Regulatory and Development Authority Act,1999,an Act of Parliament passed by the Government of India
🎯Chairperson: Subhash Chandra Khuntia
📍Issuing, renewing, modifying, withdrawing, suspending or cancelling registrations
📍Protecting policyholder interests
📍Regulating company investment of funds
📍Regulating a margin of solvency
📍Supervising the Tariff Advisory Committee etc….