Multiple choice

Which of the following is the main regulatory authority for insurance companies in India?

  1. RBI

  2. SEBI

  3. LIC

  4. AMFI

  5. IRDA

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

IRDA (Insurance Regulatory and Development Authority) is the main regulatory authority for insurance companies in India, established under the IRDA Act 1999. RBI regulates banks, SEBI regulates securities markets, LIC is an insurance company (not a regulator), and AMFI regulates mutual funds.