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

View solution

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

View solution

Q. What should the Key Feature Document explicitly highlight?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What should the proposal form avoid?

View solution

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

View solution

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

View solution

Q. What is the purpose of the Insurance Ombudsman?

View solution

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

View solution

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

View solution

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

View solution

Q. What is the temporary insurance certificate issued to the customer before issuing the insurance policy known as?

View solution

Q. Within how many days should a proposal be processed by the insurer?

View solution

Q. Free look option has to be exercised within how many days?

View solution

Q. ___________was created by the Government of India for quick disposal of grievances of the insured customers.

View solution

Q. What is the penal interest that the insurance company has to give to the claimant in case of delay in payment of claim?

View solution