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InsurTech startups in India can directly underwrite insurance policies without IRDAI registration.
- True
- False
Answer: False
IRDAI regulations require any entity underwriting insurance policies to be a registered insurer or corporate agent. InsurTech startups typically partner with licensed insurers as technology providers, aggregators, or distribution partners. Regulatory sandbox allows testing innovations, but core risk-bearing activities remain with regulated entities to protect policyholders.