Non Government organizations(NGO),Churning,foreign direct investors

1.Which of the following is customer of a Reinsurer?

Insurance Companies High Networth Individual

Licenced Insurance Agents NGOs

2.The Non Government organizations(NGO) helps the insurance industry mainly in

Linking third party administrators Promotional activities Drafting new regulations Linking buyers and sellers

3.Investment by foreign direct investors in to Insurance companies is restricted to what percent?

22% 24% 30% 26%

4.Based on which aspect,Churning is bad ?

Agents earn Lower Commission on churning Policyholders suffer due to surrender charges and benefits Policyholder gets more benefits Insurance companies get good branding

5.What is the maximum Time in which The insurer should settle a claim when all documents are submitted

5 days 20 days 30 days 15 days