- Any insurance company to start their business, they have to register under IRDA.
- Based on IRDA approval only they can start their insurance business. In this way, Both BajajAllianz and TLC Insurance India Pvt. Ltd are registeredcompanies under IRDA
- What is IRDA-IRDA is an independent authority like RBI. RBI isspecially meant for Banking Sector. Similarly IRDA is meant for Insurance Sector by Government of India
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