Question

What is the purpose of IRDAI's Protection of Policyholders' Interests Regulations, 2017?

a.

To impose strict penalties on life insurers

b.

To streamline the premium payment process

c.

To regulate advertising for insurance companies

d.

To ensure prompt processing and settlement of death claims

Answer: (d).To ensure prompt processing and settlement of death claims Explanation:IRDAI's Protection of Policyholders' Interests Regulations, 2017 aims to ensure that life insurers process death claims without delay and settle them promptly.

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Q. What is the purpose of IRDAI's Protection of Policyholders' Interests Regulations, 2017?

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