Is IRDA acting in public consumer interest or forming guidelines favoring Insurance & Investment companies?

Is IRDA acting in public consumer interest or forming guidelines favouring Insurance & Investment companies for mediclaim or Insurance investments. Ex Ridiculous Room rent restrictions for mediclaim whereas Hospitals are charging rents like Hotel rooms although they acquired licenses for Hospitals at subsidy and they should be restricted for high room rent charges . No minimum guarantee for Investment returns imposed by IRDA. Comapanies use this as cartel practises