Question

How are social sector obligations determined for general insurers in the financial year 2008-09?

a.

Fixed number of lives

b.

Average number of lives covered in 2002-03 to 2004-05

c.

Ten percent increase over the previous year

d.

Proportional to the insurer's total premium income

Answer: (b).Average number of lives covered in 2002-03 to 2004-05 Explanation:For the financial year 2008-09, social sector obligations for general insurers are determined based on the average number of lives covered in the years 2002-03 to 2004-05.

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Q. How are social sector obligations determined for general insurers in the financial year 2008-09?

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