Insurance
IRDAI
Also known as: Insurance Regulatory and Development Authority of India
The government body that regulates insurance companies and protects policyholders in India.
IRDAI is the regulator that licenses insurers, sets rules, and safeguards policyholders' interests.
It publishes data like claim settlement ratios and handles escalated complaints against insurers.
If an insurer treats you unfairly and won't resolve it, IRDAI's grievance system is your backstop.
For example
If a health insurer wrongly rejects your claim and ignores complaints, you can escalate the grievance to IRDAI.