BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Insurance Brokers
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Insurance Agents
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Third Party Administrators
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Surveyors
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All the above intermediaries require IRDA’s license/ approval
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Detailed explanation-1: -All of the above intermediaries require IRDAI’s licence/approval.
Detailed explanation-2: -4. Which of the following intermediaries do not require IRDA’s licence/ approval to operate in India? Ans: d. Age and income.
Detailed explanation-3: -Insurance Regulatory and Development Authority of India (IRDAI) today said the insurance companies can appoint individual agents on their own from April 1. Under the current mechanism the insurance regulator grants license to a person to become an agent of an insurance company.
Detailed explanation-4: -IRDA Insurance License. IRDAI grants the IRDA Licence for starting an insurance business. It also provides the IRDA agent licence for the business. When businesses secure the IRDA licence, they are permitted to start the business of selling insurance products.