Question

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

a.

Only provide information about policies

b.

Ensure all material information about the risk is provided by the insured to insurer

c.

Assess insurance claims

d.

Issue insurance policies to customers

Posted under IC38 Life Insurance Agent Exam

Answer: (b).Ensure all material information about the risk is provided by the insured to insurer Explanation:According to IRDAI regulations, intermediaries like Agents have the responsibility to ensure that all material information about the risk is provided by the insured to the insurer.

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