Question

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

a.

Micro-insurance should remain an independent entity.

b.

Micro-insurance should be excluded from the insurance spectrum.

c.

Micro-insurance should be a part of the broader spectrum of insurance in the country.

d.

Micro-insurance should replace traditional insurance schemes.

Posted under IC 14 Regulations of Insurance Business

Answer: (c).Micro-insurance should be a part of the broader spectrum of insurance in the country. Explanation:The Consultative Group recommended that micro-insurance should be a part of the broader spectrum of insurance in India.

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