Previous Year Question
Where is the headquarters of the Insurance Regulatory and Development Authority located?
A.
Chennai
B.
Mumbai
C.
Hyderabad
D.
New Delhi
Correct Answer: C
Detailed Solution
The headquarters of the Insurance Regulatory and Development Authority of India (IRDAI) is located in Hyderabad, Telangana. Its head office is situated at Nanakramguda, Gachibowli, Financial District, Hyderabad. IRDAI is a statutory body established under the Insurance Regulatory and Development Authority Act, 1999, and it was incorporated as a statutory body in April 2000. Its primary objective is to protect the interests of insurance policyholders and to regulate and develop the insurance sector.