Which One of the Following Bodies, has prescribed the Regulations for Protecting the Interests of Policy Holders, stipulating the Obligations on Both: Insurers as well as Intermediaries?
1
Life Insurance Council and General Insurance Council, Jointly.
2
Policy-Holders' Association of India (P.A.I.)
3
Insurance Regulatory and Development Authority of India (I.R.D.A.I.)
4
Life Insurance Corporation (L.I.C.) of India and General Insurance Corporation (G.I.C.) of India, Jointly.
5
Securities and Exchange Board of India (SEBI)