Q. Within what timeframe should an insurer offer a settlement of the claim to the insured upon receiving the survey report?

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Q. If an insurer decides to reject a claim under the policy, within what timeframe should it communicate the decision to the insured?

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Q. Within how many days should the payment of the settled claim amount be made to the insured?

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Q. In case of delay in the payment of the claim amount, at what rate should the insurer pay interest?

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Q. What is the proposed purpose of the Key Feature Document according to IRDA?

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Q. What is a key requirement for the language used in the Key Feature Document?

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Q. Why should the Key Feature Document be a separate item and not part of other literature?

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Q. What should the Key Feature Document explicitly highlight?

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Q. What font size should the title of the Key Feature Document be?

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Q. In what languages should the Key Feature Document be available?

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Q. What is the primary goal of the Insurance Regulatory and Development Authority (IRDA) regarding insurers' guidelines?

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Q. What is emphasized regarding transparency at the time of sale and promotion?

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Q. What languages should forms and documents be made available in?

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Q. What should the proposal form avoid?

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Q. What is the primary purpose of a policy bond?

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Q. Within what timeframe can a customer cancel a life insurance policy under the free-look period option?

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Q. What is the purpose of the Insurance Ombudsman?

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Q. What obligation does every insurer carrying on life insurance business have regarding policy lapses?

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Q. Within what timeframe must a life insurance company settle or dispute a claim?

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Q. What is the motive behind the Key Feature Document?

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