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

View solution

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

View solution

Q. What does insurance protect individuals from?

View solution

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

View solution

Q. In what situation would insurance be most required?

View solution

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

View solution

Q. When is it best to insure assets?

View solution

Q. Which among the following scenarios needs insurance?

View solution

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

View solution

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

View solution

Q. Who are the intermediaries in the insurance industry?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What is the foundation principle of insurance?

View solution

Q. How do insurance companies collect and use premiums?

View solution

Q. What role does insurance play in terms of investment and entrepreneurship?

View solution

Q. Why do many banks and financial institutions insist on property insurance?

View solution

Q. What do general insurers do before accepting large complicated risks?

View solution