Irdai full form: IRDAI (Insurance Regulatory and

IRDAI (Insurance Regulatory and Development Authority of India ) Home PGRM Category Public Sector Insurance Companies / IRDA / PFRDA The short form IRDAI stands for Insurance Regulatory and Development Authority of India . It is an autonomous, statutory organisation created by the Indian government through the IRDA Act of 1999. What are the Main Functions and Responsibilities of IRDAI in India? The full form of IRDAI is Insurance Regulatory and Development Authority of India , which plays a significant role in governing and promoting the insurance sector in India. The Insurance Regulatory and Development Authority of India ( IRDAI ) is an autonomous and statutory body under the Ministry of Finance, Government of India. It is tasked with regulating and licensing the insurance and re-insurance industries in India. [1] .