What is IRDAI (Insurance Regulatory and Development Authority of India)?

IRDAI is the regulator that oversees insurance companies in India. Every insurer has to register with it and hold a licence, so the number a provider gives you is a quick check that the firm may legally trade. Max Life Insurance lists its registration as 104 (ARN/Web/13122024), and Digit Insurance shows 158. FinClick, which brokers rather than underwrites, carries an ARN reference under the same regulator: ARN-248156.