New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the below cannot be an intermediary?

    A Insurance Broker Correct Answer Incorrect Answer
    B Insurer Correct Answer Incorrect Answer
    C Agent Correct Answer Incorrect Answer
    D Bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Explanation: The correct answer is A. Insurer.

    • Intermediaries act as a bridge between the insurer and the insured. They include:
      • Insurance Brokers: Independent agents who represent the insured.
      • Insurance Agents: Represent a specific insurance company.
      • Banks: Can act as intermediaries by selling insurance products.
      • Insurers are the companies that provide insurance coverage.

    Practice Next