πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Which of the following is the objective of the IRDA Act?

      A To regulate, promote and ensure orderly growth of the insurance industry Correct Answer Incorrect Answer
      B The establishment of the Insurance Advisory Committee Correct Answer Incorrect Answer
      C To provide for the establishment of an Authority to protect the interests of holders of insurance policies Correct Answer Incorrect Answer
      D All a, b & c Correct Answer Incorrect Answer
      E Both a & c Correct Answer Incorrect Answer

      Solution

      An Act to provide for the establishment of an Authority to protect the interests of holders of insurance policies, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto and further to amend the Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and the General Insurance Business (Nationalisation) Act, 1972.

      Practice Next
      ask-question