In which city is the head office of the Insurance Regulatory and Development Authority of India (IRDAI) situated?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Hyderabad.
| IRDAI (Insurance Regulatory and Development Authority) | The agency's headquarter is in Hyderabad, Telangana, where it moved from Delhi in 2001. |
| IRDAI is a 10-member body including the chairman, five full-time and four part-time members appointed by the government of India. | |
| Insurance Regulatory and Development Authority of India (IRDAI), is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority Act, 1999 (IRDAI Act 1999) for overall supervision and development of the Insurance sector in India. |