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

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

View solution

Q. Which of the following fall in the pre-sale stage of the insurance policy?

View solution

Q. What is the ceiling limit for the premium for all riders put together?

View solution

Q. ________ is a legal document setting out the terms and conditions of the contract.

View solution

Q. Which rules have been framed by the Central Government in 1988 to resolve all complaints related to settlement of complaints?

View solution

Q. Who should be appointed for assessing the loss / claim?

View solution