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Which of the following is not an objective of irda


25 sept. 2022 · Regulatory framework of insurance- IRDA and its role Question 1: Which of the following organizations controls the insurance business in India?

Which of the following is the objective of IRDA?

1. The objective of supervision as stated in the preamble to the IRDAI Act is to protect the interests of holders of Insurance policies, to regulate, promote and ensure orderly growth of the Insurance industry, both Insurance and Reinsurance business.

Which of the following is the main objective of IRDA Mcq?

Which of the following is NOT a primary objective of insurance regulation? All of these are considered objectives of insurance regulation EXCEPT "interpret policy provisions". Which type of jurisdiction requires an insurer to have its rates accepted by the Insurance Department prior to using them?




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  1. which of the following is the prime objective of irda
  2. what are the objectives of irda
  3. objectives of irda includes

Can I convert my existing physical paper policy documents into electronic or digital format?

Yes, you can convert it to electronic policies. You have to raise a request with the insurance company or the Insurance Repository to make the requ...

Which types of insurance policies can be held in electronic format?

All types of Life Insurance, General Insurance, Health Insurance and Annuity Policies that are issued by insurance companies registered by the IRDA...

What is an insurance ombudsman?

It is a scheme introduced by the Central Government for efficient, cost-effective and impartial settlement of policyholder’s grievances.

Under what circumstances do I approach the insurance ombudsman?

You can approach the ombudsman in case of: Delay in claim settlement.Disputes over the insurance premium.For any total or partial repudiation of cl...

How do I lodge a complaint with the insurance ombudsman?

You need to lodge the complaint in writing duly signed by the complainant or via their legal heirs, assignees or nominees. You can either lodge the...

What is an insurance repository?

An insurance company formed and registered by the IRDA for maintaining the data of insurance policies in electronic format on behalf of insurance c...

What is the IRDA Act?

The Act provides comprehensive regulation of the insurance sector in the country. To examine the structure of the insurance sector and to recommend...

How many insurance companies are under the IRDA in India?

There are Life and Non-Life/General Insurance Companies in India. Under the Life Insurance category, there are a total of 24 Life Insurance compani...

How to approach the IRDA for grievances?

You should approach your insurance company for all queries or to address your grievances; however, if you feel that your issue has not been resolve...


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