Question
What is the role of the Insurance Ombudsman in India?
Solution
The Insurance Ombudsman is an independent body established by the Government of India to investigate and settle disputes between policyholders and insurance companies. The Insurance Ombudsman is appointed by the IRDAI and operates under the provisions of the Insurance Ombudsman Rules, 2017. The Insurance Ombudsman has the power to award compensation to the policyholder and direct the insurance company to take appropriate action to resolve the dispute. The Insurance Ombudsman can handle disputes relating to claims, premiums, policy servicing, misrepresentation, and other related issues. Hence, option A is correct.
Select the appropriate answer.
Choose the word with correct spelling.
- In each sentence below four words have been printed in bold which are numbered (1), (2), (3) and (4) One of these words may be misspelt or inappropriate in...
Select the INCORRECTLY spelt word.
In each of the questions below, a sentence is given with four words highlighted in bold in the sentence. Among these bold words, one may be wrongly spe...
Find the correctly spelt word as your answer.
- Select the INCORRECTLY spelt word.
Select the sentence that contains no spelling errors.
As Bangladesh commemorates (A) 50 years of its historic victory, it is worth revisiting (B) exactly why Pakistanrsquo;s leadership has remained hesitant...
- Identify the misspelt word among the following given options:
