2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which institute fines Iffco Tokio, Royal Sundaram Rs 5 lakh each?
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IRDAI
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BHEL
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BSNL
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NTPC
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Explanation:
Detailed explanation-1: -IRDA Imposes Rs. 5 lakh Fine on IFFCO Tokio General Insurance & Royal Sundaram General Insurance. The insurance regulatory body IRDA by setting a benchmark on rules and regulation has imposed a huge fine on two of the leading insurers Iffco Tokio and Royal Sundaram General Insurance.
Detailed explanation-2: -Royal Sundaram car insurance claim settlement ratio is 98.6%. 24x7 roadside assistance is available in case of emergencies due to accidents.
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