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Category: IC14 REGULATION OF INSURANCE BUSINESS – 14

IC14 REGULATION OF INSURANCE BUSINESS – 14

Que. 1 : Q1) Maximum Cover for Health Insurance for Individuals in case of Micro Insurance Products is

   1.  a) Rs 50,000

   2.  b) Rs 1 Lakh

   3.  c) Rs 30,000

   4.  d) Rs 3 Lakh

Que. 2 : Q2) As per current FDI norms how much is the FDI limit for the Insurance Sector

   1.  a) 49%

   2.  b) 74%

   3.  c) 100%

   4.  d) 26%

Que. 3 : Q3) The insurer will charge a fee not exceeding_____________to act on an assignment request.

   1.  a) Rs 1

   2.  b) Rs 5

   3.  c) Rs 100

   4.  d) Rs 500

Que. 4 : Q4) As per the powers given by the IRDAI Act 1999, the Central Government can supersede the _______ by issuing a notification.

   1.  a) LIC

   2.  b) SEBI

   3.  c) IRDAI

   4.  d) RBI

Que. 5 : Q5) Micro Insurance Agent can work for

   1.  a) Life Insurers

   2.  b) General Insurers

   3.  c) Both of the above

   4.  d) Reinsurers