Multiple choice

If an organization wishes to venture into Insurance business it has to obtain a licence first from which of the following ?

  1. Indian Banks- Association (IBA)

  2. Securities and Exchange Board of India (SEBI)

  3. Tariff Advisory Committee (TAC)

  4. Insurance Regulatory and Development Authority (IRDA)

  5. None of these

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

The Insurance Regulatory and Development Authority (IRDA) is the statutory body responsible for regulating and promoting the insurance and reinsurance industries in India, including granting licenses.