Irdai full form: What are the Main Functions

What are the Main Functions and Responsibilities of IRDAI in India? The full form of IRDAI is Insurance Regulatory and Development Authority of India , which plays a significant role in governing and promoting the insurance sector in India. We would like to show you a description here but the site won’t allow us. What is IRDAI: Learn about Insurance Regulatory and Development Authority of India , its function, act, role in the insurance sector and the types of insurance regulated by the IRDAI. The short form IRDAI stands for Insurance Regulatory and Development Authority of India . It is an autonomous, statutory organisation created by the Indian government through the IRDA Act of 1999.