Question

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

a.

They provide investment advice to policyholders.

b.

They act as intermediaries in selling insurance products.

c.

They solely focus on financial services and not insurance.

d.

They assess risks and determine premium rates.

Answer: (b).They act as intermediaries in selling insurance products. Explanation:Many insurance companies tie up with micro finance institutions (MFIs) in rural areas to promote micro-insurance products, indicating that MFIs play a role as intermediaries in selling these insurance products.

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

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