Question
A person buys a health insurance policy and later has a dispute with the insurer about a claim. Which body regulates the insurance sector in India?
Option 1 : IRDAI
Detailed Solution
सही उत्तर IRDAI है।
The Insurance Regulatory and Development Authority of India (IRDAI) regulates the insurance sector in India. RBI regulates banks, SEBI regulates the securities market and PFRDA regulates pension funds.
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prepsnap.in • GeneralQuestion:
A person buys a health insurance policy and later has a dispute with the insurer about a claim. Which body regulates the insurance sector in India?
Correct Answer: IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) regulates the insurance sector in India. RBI regulates banks, SEBI regulates the securities market and PFRDA regulates pension funds.