C09 Grievance Redressal Mechanism MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on C09 Grievance Redressal Mechanism, a fundamental topic in the field of IC38 Life Insurance Agent Exam. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our C09 Grievance Redressal Mechanism MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of C09 Grievance Redressal Mechanism mcq questions that explore various aspects of C09 Grievance Redressal Mechanism problems. Each MCQ is crafted to challenge your understanding of C09 Grievance Redressal Mechanism principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC38 Life Insurance Agent Exam tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our C09 Grievance Redressal Mechanism MCQs are your pathway to success in mastering this essential IC38 Life Insurance Agent Exam topic.

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C09 Grievance Redressal Mechanism MCQs | Page 6 of 6

Discover more Topics under IC38 Life Insurance Agent Exam

Q51.
In the context of consumer disputes related to the insurance business, which of the following is a common category of disputes?

a.

Property disputes

b.

Delay in settlement of claims

c.

Traffic violations

d.

Marriage disputes

Discuss
Answer: (b).Delay in settlement of claims Explanation:Delay in the settlement of claims is one of the common categories of consumer disputes in the insurance business.
Q52.
What role can the Ombudsman play in resolving disputes between the insured and the insurer?

a.

Medical advisor

b.

Counselor

c.

Accountant

d.

Salesperson

Discuss
Answer: (b).Counselor Explanation:The Ombudsman can act as a mediator and counselor in resolving disputes between the insured and the insurer.
Q53.
What is the authority of the Ombudsman when a dispute is not settled through intermediation?

a.

To penalize the insured

b.

To mediate further

c.

To pass an award that is fair and covers the insured's loss

d.

To refer the case to the court

Discuss
Answer: (c).To pass an award that is fair and covers the insured's loss Explanation:The Ombudsman can pass an award that is fair and should cover the insured's loss when a dispute is not resolved through intermediation.
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