Indian Polity · Polity
Which of the following is NOT an objective or core function of the Insurance Regulatory and Development Authority of India (IRDAI)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Directly distributing financial funds to individuals to settle individual insurance claims.✓
- 2Ensuring the establishment of an effective grievance redressal machinery.
- 3Promoting and ensuring the orderly growth of the insurance industry.
- 4Protecting the interests of and securing fair treatment to policyholders.
Correct answer
Directly distributing financial funds to individuals to settle individual insurance claims.
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