Question

How do Indian insurance regulations impact the policy term and premium paying term of insurance products?

a.

They mandate shorter policy terms and premium paying terms

b.

They ensure flexibility in policy and premium durations

c.

They require longer-term products to protect policyholders' interests

d.

They have no impact on policy durations

Answer: (c).They require longer-term products to protect policyholders' interests Explanation:Indian insurance regulations stipulate minimum policy terms and premium paying terms for insurance products to ensure that the products remain fairly long term, thereby protecting the interests of policyholders.

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Q. How do Indian insurance regulations impact the policy term and premium paying term of insurance products?

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