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The Insurance Regulatory and Development Authority of India (IRDAI) serves as the apex body overseeing the insurance sector in India. Established by the IRDA Act

The Insurance Act, 1938, is a comprehensive legislation enacted to regulate the insurance sector in India. It provides a legal framework for the operation of

Insurance involves a contract where an individual or entity receives financial protection against losses from an insurance company. This arrangement mitigates risks from unforeseen events.