IRDAI stands for Insurance Regulatory and Development Authority of India. It is the main body that controls and manages all insurance companies in India.
IRDAI makes rules to protect customers and ensure companies work fairly. It checks if insurance companies have enough money to pay claims and follow legal rules. It also approves new products, reviews premium rates, and takes action against fraud.
If you have a problem with your insurance company, you can also complain to IRDAI. They guide insurers and help solve customer issues.
Thanks to IRDAI, customers get safe, honest, and reliable insurance services across the country.
