Enterslicegroup01 Jul, 2021Finance
Insurance Regulatory and Development Act of 1999 (IRDAI Act) was enacted to regulate the insurance industry in India. IRDAI regulates the registration of insurance businesses in India, the issuance of IRDAI licences to start an insurance business, and the protection of policyholders' rights. Aside from that, the nodal agency ensures that enterprises follow the regulations that are issued from time to time.
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