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

Q. What was the role of the government in resolving the dispute between SEBI and IRDA regarding ULIPs?

View solution