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

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

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

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

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

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

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

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

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Q. What requirement must be met by a micro-insurance agent when employing specified persons?

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Q. According to the regulations, what is the duration of training that insurers must provide to micro-insurance agents and their specified persons?

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Q. How is the remuneration for a micro-insurance agent determined for single premium life insurance policies?

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Q. What information should be included in the policy documents for group micro-insurance contracts, according to the regulations?

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Q. What provision do the regulations make for a tie-up between a life insurer and a non-life insurer in offering micro-insurance products?

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Q. How often can group insurance products be renewable?

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Q. What is the minimum number of members required for a group to be eligible for group insurance?

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Q. What does ULIP stand for and what does it combine?

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Q. What are the triple benefits that a ULIP offers to investors?

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Q. How are the investment risks in ULIPs different from traditional insurance plans?

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Q. How are ULIPs similar to mutual funds in terms of investment operations?

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Q. What are the two major components of the premium on a ULIP?

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