InsuranceEndowment insurance Property/casualty insurance Policy Term Admitted company Structured settlement No-pay, no-play
Authority
The IRDA, created under the Insurance Regulatory and Development Authority Act of 1999, serves as the governing body for the insurance industry. Its main responsibility is to oversee and regulate the activities of insurance companies. This ensures the protection of both consumers and the overall stability of the industry. The IRDA plays a crucial role in maintaining the financial health and integrity of the insurance sector. Its establishment is a crucial step towards promoting a fair and efficient insurance market.
Related terms
Understand the meaning and definition of Endowment insurance in the context of stock market, trading, and investments.
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MOREUnderstand the meaning and definition of Policy Term in the context of stock market, trading, and investments.
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