Question

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

a.

Investment advice and financial planning

b.

Collection of proposal form, collection of self-declaration of health, distribution of policy documents, assistance in settlement of claims, etc.

c.

Actuarial calculations and risk assessment

d.

Market research and product development

Answer: (b).Collection of proposal form, collection of self-declaration of health, distribution of policy documents, assistance in settlement of claims, etc. Explanation:As per the regulations, the micro-insurance agent's deed of agreement may specifically authorize functions such as collecting proposal forms, self-declarations of health, distributing policy documents, and assisting in the settlement of claims.

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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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