Question

What is the maximum value of claim up to which an insurance Ombudsman can redress a customer grievance?

A 50 Lakh Correct Answer Incorrect Answer
B 40 Lakh Correct Answer Incorrect Answer
C 30 Lakh Correct Answer Incorrect Answer
D 20 Lakh Correct Answer Incorrect Answer
E 10 Lakh Correct Answer Incorrect Answer

Solution

The amount of Compensation sought in Insurance Ombudsman should not exceed 30 Lakhs. 

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