IRDAI and National Health Authority (NHA) will develop a National Health Claims Exchange as a digital platform to settle health claims. Where is the Headquarter of IRDAI located?

The correct answer is Hyderabad.

Let's break down the details step-by-step:
1. What is IRDAI?
IRDAI stands for the Insurance Regulatory and Development Authority of India. It is an autonomous and statutory body tasked with regulating and licensing the insurance and re-insurance industries in India.
2. Establishment and Relocation:
The authority was constituted by the Insurance Regulatory and Development Authority Act, 1999. Initially, the headquarters of IRDAI was located in New Delhi. However, in 2001, the headquarters was shifted to Hyderabad, Telangana to promote development in other regional centers.
3. Collaboration mentioned in the question:
The IRDAI and the National Health Authority (NHA) are working together to develop the National Health Claims Exchange (NHCX) as a digital platform. This initiative aims to streamline and expedite the settlement of health insurance claims across the country, improving efficiency and transparency in the healthcare sector.