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Which of the following controls the insurance business of India?
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- RBI
- IDBI
- SEBI
- IRDA
- RBI
Correct Option: D
The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999.