New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What are the objectives of the

    IRDA?
    A To protect the interests of holders of insurance policies Correct Answer Incorrect Answer
    B To regulate, promote and ensure orderly growth of the insurance industry Correct Answer Incorrect Answer
    C To amend the Insurance Act, 1938 and the Life Insurance Corporation Act, 1956 Correct Answer Incorrect Answer
    D To amend the General Insurance Business (Nationalization) Act, 1972 Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    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 (Nationalization) Act, 1972.

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