Q. When was the life insurance business nationalized in India?

View solution

Q. When was the non-life insurance business nationalized in India?

View solution

Q. Which committee recommended the opening of the insurance market for competition in India?

View solution

Q. When was the insurance market in India liberalized?

View solution

Q. What is the role of the Insurance Regulatory and Development Authority of India (IRDAI)?

View solution

Q. What is the maximum percentage of paid-up equity capital that foreign investors are now allowed to hold in an Indian insurance company?

View solution

Q. What type of insurance can foreign insurers now establish branches for in India?

View solution

Q. How many life insurance companies are currently operating in India?

View solution

Q. How many general insurance companies are there in India?

View solution

Q. Which is the reinsurance company in India?

View solution

Q. How many foreign reinsurers operate through branch offices in India?

View solution

Q. Which government entity transacts life insurance known as Postal Life Insurance?

View solution

Q. Is India Post exempt from the purview of the Insurance Regulator?

View solution

Q. Which among the following is the regulatory body for the insurance industry in India?

View solution

Q. What is the fundamental principle of insurance?

View solution

Q. How is the economic loss due to loss or destruction of assets compensated in insurance?

View solution

Q. In the case of death and disability, how does the mechanism of pooling risks work?

View solution

Q. What is the primary role of an insurer in the insurance process?

View solution

Q. What is the fundamental requirement for insurance to take place?

View solution

Q. What is a "peril" in the context of insurance?

View solution