The Insurance Regulatory and Development Authority of India (IRDAI) celebrates its Silver Jubilee on April 19.
In line with the Malhotra Committee report's recommendations, the IRDAI was set up in 1999 as an autonomous body for regulating and taking ahead the insurance industry.
On April 19, 2000, it was formally established as a statutory body.
IRDAI has been at the forefront of shaping India's insurance ecosystem, fostering transparency, efficiency, and customer-centricity.