Question

The recently launched "Bima Bharosa" grievance redressal

Q: Answer-The recently launched 'Bima Bharosa' grievance redressal system in the insurance sector incorporates...

Bima Bharosa is a grievance redressal system launched for the insurance sector that provides a single-window platform for handling complaints related to all insurers. This unified approach simplifies the process for policyholders to register and track their grievances, improving transparency and accountability in the insurance sector.

system in the insurance sector incorporates which of the following features?

A Blockchain-based verification of claims

B Centralized database of all insurance policies

C Automated settlement for claims under ₹50,000

D AI-driven complaint resolution system

E Single-window complaint handling for all insurers

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The recently launched "Bima Bharosa" grievance redressal

Solution