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

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

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

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Q. What were the significant changes introduced by IRDA after the government intervention in 2010?

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Q. What does a Unit represent in a Unit Linked Insurance Policy (ULIP)?

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