Question

What is the purpose of the Redressal of Public Grievances Rules, 1998?

a.

To regulate the insurance industry

b.

To settle disputes between insurers and intermediaries

c.

To resolve complaints related to the settlement of claims by insurance companies

d.

To establish the Insurance Ombudsman

Answer: (c).To resolve complaints related to the settlement of claims by insurance companies Explanation:The Redressal of Public Grievances Rules, 1998 have been formulated to resolve all complaints relating to the settlement of claims on the part of the insurance companies in a cost-effective, efficient, and impartial manner.

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Q. What is the purpose of the Redressal of Public Grievances Rules, 1998?

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