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Expanded form of IRDA is _____________.

  • Expanded form of IRDA is Insurance Regulatory Development Authority.
  • It is an autonomous, statutory body that regulates and develops the insurance industry in India.
  • IRDA was established in 1999 under the Insurance Regulatory and Development Authority Act, 1999.
  • The primary functions of IRDA include issuing licenses to insurance companies, framing regulations for the insurance sector, protecting the interests of policyholders, promoting competition in the insurance industry, and ensuring the financial stability of insurance companies.