GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Indian Banks Association (IBA)
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Tariff Advisory Committee (TAC)
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Security and Exchange Board of India (SEBI)
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Insurance Regulatory and Development Authority of India (IRDAI)
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Detailed explanation-1: -In order to sell insurance products, one must first obtain an insurance company license from the insurance commissioner of that particular state. The introduction of the Insurance Regulatory Development Authority of India (IRDAI) has brought about significant changes to the insurance sector overall.
Detailed explanation-2: -What is the Regulation of the Insurance Business in India? In India, the regulation of Insurance Business is regulated by the Insurance Regulatory and Development Authority of India (IRDAI). The Insurance Regulatory and Development Authority of India (IRDAI) regulates the insurance industry in India.
Detailed explanation-3: -To protect the interest of the policyholders. To regulate and promote the orderly growth of the insurance and reinsurance industry. To ensure speedy claim settlement and prevent Insurance frauds and other malpractices. To better the standards of insurance markets. More items