Q. What role does micro-insurance play in the growing Indian insurance industry?

View solution

Q. What is the primary goal of micro-insurance?

View solution

Q. In the context of micro-insurance, what is the role of micro finance institutions (MFIs)?

View solution

Q. What are some scenarios where micro-insurance can be beneficial?

View solution

Q. What role does the insurance company play in micro-insurance?

View solution

Q. What are some risks covered under micro-insurance?

View solution

Q. Which of the following is not a product offered under micro-insurance?

View solution

Q. In what situations can micro-insurance be particularly beneficial?

View solution

Q. What is the ultimate aim of microfinance?

View solution

Q. Who is credited with conceiving the idea of forming a microcredit institution during a great famine in Bangladesh?

View solution

Q. Which of the following is the most well-known international example of a microcredit institution?

View solution

Q. When did the concept of micro-financing receive global appreciation?

View solution

Q. What was recommended by the Consultative Group regarding the status of micro-insurance in India?

View solution

Q. What suggestion was made regarding the distribution channel for micro-insurance?

View solution

Q. How were micro-insurance agents proposed to be compensated for their additional services?

View solution

Q. What language recommendation was made for policy literature and documents in micro-insurance?

View solution

Q. What are the three types of entities allowed to act as micro-insurance agents according to the Micro-Insurance Regulations?

View solution

Q. What requirement needs to be fulfilled before a micro-insurance agent enters into an agreement with an insurer?

View solution

Q. How many insurers can a micro-insurance agent work for in life insurance and general insurance business, respectively?

View solution

Q. What functions may be performed by a micro-insurance agent as specified in the deed of agreement?

View solution