Q. What documents are required for local brokers to remit reinsurance premium on behalf of insurers?

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Q. What is the purpose of foreign currency accounts maintained by insurers outside India?

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Q. Under what circumstances can insurers make investments abroad without prior approval from the Reserve Bank of India?

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Q. What is micro-insurance?

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Q. When was the concept of micro-financing first experimented?

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Q. What do Unit Linked Insurance Plans (ULIPs) offer?

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Q. What do IRDA Micro-Insurance Regulations 2005 regulate?

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Q. How are the returns from Unit Linked Insurance Plans (ULIPs) determined?

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Q. What represents the policyholder's investment in a Unit Linked Insurance Plan (ULIP)?

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Q. How can an investor purchase a ULIP policy?

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Q. What do the guidelines issued by IRDA affect regarding ULIP products?

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Q. What is the minimum policy term for ULIP products?

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Q. What is the difference between the NAV at the time of entry and exit called?

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Q. During which period are no residuary payments made on lapsed/surrendered/discontinued ULIP policies?

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Q. What do top-up premiums allow ULIP policyholders to do?

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Q. What are the three stages of money laundering?

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Q. What is the purpose of the Financial Action Task Force (FATF)?

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Q. What is the primary aim of the KYC process?

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Q. Who bears the responsibility for implementing a robust program against money laundering and terrorist financing in insurance companies?

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Q. How long are records of transactions reported to the Financial Intelligence Unit (FIU) required to be retained?

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