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

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

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

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

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

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Q. Which is the reinsurance company in India?

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

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

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

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

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Q. What is the fundamental principle of insurance?

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

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

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

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

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

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Q. What is the primary purpose of pooling in insurance?

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Q. What role does the insurer play in the insurance process?

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Q. How does insurance reduce the "burden of risk"?

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Q. What is the primary burden of risk in insurance?

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