What is meaning of Irda?

Answer 1

IRDA stands for the Insurance Regulatory and Development Authority of India. It is a statutory body established to regulate and promote the insurance industry in India, ensuring consumer protection and fair practices. The authority oversees the functioning of insurance companies, sets guidelines, and ensures that the industry operates in a transparent and efficient manner. Its primary aim is to facilitate the growth of the insurance sector while safeguarding the interests of policyholders.