Which of the following is the regulator for the insurance sector in India?SEBIIRDAIRBIMinistry of Finance

The regulator for the insurance sector in India is the IRDAI (Insurance Regulatory and Development Authority of India).

Explanation:

1. IRDAI was established in 1999 with the primary objective of promoting and regulating the insurance industry in India.
2. The Securities and Exchange Board of India (SEBI) primarily regulates the securities market and does not oversee insurance companies.
3. The Bureau of Indian Standards (BIM) does not function as a regulator specifically for insurance; its focus is on standardization and quality assurance.
4. While the Ministry of Finance oversees the overall economic policy and regulation, it is not the direct regulator of the insurance sector.

In summary, the correct answer is IRDAI.