Question

Under IRDAI regulations, what does "participative" mean in the context of an insurance plan?

a.

The insured party participates in company management decisions.

b.

The insurance plan offers participation in investment decisions.

c.

The insurance plan allows policyholders to participate in profit-sharing.

d.

The insurer participates in policyholder activities.

Answer: (c).The insurance plan allows policyholders to participate in profit-sharing. Explanation:In the context of an insurance plan, "participative" under IRDAI regulations means that the insurance plan allows policyholders to participate in profit-sharing.

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Q. Under IRDAI regulations, what does "participative" mean in the context of an insurance plan?

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