Economics · Insurance Sector
The Insurance Regulatory and Development Authority of India (IRDAI) was established primarily to address which structural issue in the insurance sector post-liberalisation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fragmented fiscal control
- 2Weak policyholder protection✓
- 3Absence of competition
- 4Low capitalisation
Correct answer
Weak policyholder protection
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