Question

In which currency may insurance cover on risks inside India be issued for assets owned by residents of India?

a.

Foreign currency

b.

Indian rupees

c.

Euro

d.

US dollars

Answer: (b).Indian rupees Explanation:Insurance cover on risks inside India for assets owned by residents of India may be issued only in Indian rupees. This regulation ensures compliance with currency regulations and aligns with the domestic currency framework for insurance transactions.

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Q. In which currency may insurance cover on risks inside India be issued for assets owned by residents of India?

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