Q. Why is the term "Assurance" used in the case of life insurance?

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Q. In most markets, including India, how are the terms "Insurance" and "Assurance" commonly used?

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Q. Which among the following is a method of risk transfer?

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Q. What does the term 'Risk' refer to in the context of insurance?

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Q. What factors determine the cost of an expected loss in insurance?

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Q. How does the cost of risk vary based on probability and severity?

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Q. How does insurance function as a risk management tool?

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Q. What does insurance protect individuals from?

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Q. What is one of the primary considerations when deciding whether to opt for insurance?

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Q. In what situation would insurance be most required?

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Q. What is the importance of not risking more than one can afford to lose?

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Q. When is it best to insure assets?

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Q. Which among the following scenarios needs insurance?

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Q. Who are the major players in the insurance industry?

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Q. What is the role of the Insurance Regulator in the insurance market?

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Q. Who are the intermediaries in the insurance industry?

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Q. What is the role of Third Party Administrators in the insurance industry?

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Q. What responsibility do intermediaries, such as Agents, have towards the customer according to IRDAI regulations?

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Q. According to IRDAI regulations, what must be done if the proposal and related documents are not filled by the customer?

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Q. What is the obligation of the insurer when the customer pays the premium?

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