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Questions and Answers
Which is the regulator for the insurance industry in India?
Which is the regulator for the insurance industry in India?
- Life Insurance Corporation of India
- General Insurance Corporation of India
- Insurance Regulatory and Development Authority of India (correct)
- Insurance Authority of India
Which among the following is a secondary burden of risk?
Which among the following is a secondary burden of risk?
- Goods damaged cost
- Business interruption cost
- Setting aside reserves as a provision for meeting potential losses in the future (correct)
- Hospitalization costs as a result of heart attack
Which among the following is a method of risk transfer?
Which among the following is a method of risk transfer?
- Real estate
- Insurance (correct)
- Equity shares
- Bank FD
Which among the following scenarios warrants insurance?
Which among the following scenarios warrants insurance?
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Which of the below insurance scheme is run by an insurer and not sponsored by the Government?
Which of the below insurance scheme is run by an insurer and not sponsored by the Government?
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