As of 5 November 2026, the regulator of the insurance sector in India is which of the following?
The Insurance Regulatory and Development Authority of India regulates the insurance sector. Its functions include regulating and promoting orderly growth of insurance and…
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As of 5 November 2026, the regulator of the insurance sector in India is which of the following?
Answer and explanation
Correct answer C
The Insurance Regulatory and Development Authority of India regulates the insurance sector. Its functions include regulating and promoting orderly growth of insurance and reinsurance business; LIC and GIC are insurance institutions rather than the sector regulator.
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Karnataka SET (KSET)