Question

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

a.

Distribution should only be through traditional insurance agents.

b.

No specific distribution channel was recommended.

c.

A proper channel of distribution should be established, serving a different client base.

d.

Distribution should be restricted to urban areas.

Posted under IC 14 Regulations of Insurance Business

Answer: (c).A proper channel of distribution should be established, serving a different client base. Explanation:A proper channel of distribution should be established for micro-insurance, serving a client base different from regular clients.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

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

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

View solution

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

View solution

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

View solution

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

View solution

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?

View solution

Q. How often can group insurance products be renewable?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What was the debate in 2010 regarding the regulation of ULIPs, and who were the two regulators involved?

View solution

Q. What was the main issue in the dispute between SEBI and IRDA regarding ULIPs?

View solution
View All MCQs on IC 14 Regulations of Insurance Business

Recommended Subjects

Are you eager to expand your knowledge beyond IC 14 Regulations of Insurance Business? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Heat Transfer

Explore the fascinating world of heat transfer with our Heat Transfer category....

Life Sciences

Delve into the diverse world of life sciences with our specialized category. Explore...

Human Resource Management

Explore the dynamic field of Human Resource Management (HRM) with our dedicated...

Engineering Geology

Explore the dynamic field of Engineering Geology with our specialized category. Delve...

Fluid Mechanics

Unlock the mysteries of fluids and their behavior with our Fluid Mechanics category....

Human and Cultural Diversity

Explore the rich tapestry of human societies with our Human and Cultural Diversity...

Civil Engineering

Dive into the world of Civil Engineering with our specialized category. Explore the...

Cell Biology

Delve into the fascinating world of Cell Biology with our specialized category....

Concrete Technology

Welcome to Concrete Technology, a category that unravels the secrets behind the...