The Insurance Regulatory and Development Authority was set up in India on :
1) April 2000
2) April 2001
3) April 2002
4) April 2003
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1) April 2000
The Insurance Regulatory and Development Authority of India (IRDAI) is a regulatory body under the jurisdiction of Ministry of Finance , Government of India and is tasked with regulating and licensing the insurance and re-insurance industries in India.It was constituted by the Insurance Regulatory and Development Authority Act, 1999,an Act of Parliament passed by the Government of India.The agency’s headquarters are in Hyderabad, Telangana, where it moved from Delhi in 2001.