IRDAI

Why it matters

• Protects the interests of policyholders by ensuring fair practices and claim settlement standards.
• Promotes the orderly growth of the insurance sector to enhance financial inclusion and long-term capital mobilization.
• Maintains financial stability within the insurance market through rigorous licensing and solvency monitoring.

How it is asked

Focus on the statutory powers of the authority, its role in balancing consumer protection with market development, and its contribution to the broader financial regulatory architecture of the country.