Question

What is the purpose of the Insurance Ombudsman?

a.

To create insurance policies

b.

To manage insurance claims

c.

To mitigate problems involved in redressing grievances of insured customers

d.

To promote insurance sales

Answer: (c).To mitigate problems involved in redressing grievances of insured customers Explanation:The Insurance Ombudsman was created by the Government of India to provide quick disposal of grievances of insured customers and mitigate the problems involved in redressing those grievances.

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Q. What is the purpose of the Insurance Ombudsman?

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