Que. 1 : Which was the first Act to regulate life insurance industry in India ?
1. Insurance Act, 1938
2. Life Insurance Companies Act, 1912
3. IRDA Act, 1999
4. LIC Act, 1956
Que. 2 : Which of the below party is not eligible to enter into a life insurance contract ?
1. Business owner
2. Minor
3. House wife
4. Government employee
Que. 3 : Ashis is not getting a death claim of his father’s life insurance. He is has submitted the claim documents before 1 years 8 months. The Claim amount is 18 lacs. Now where should he complain against the insurance company ?
1. Distinct Level
2. State Level
3. Ombudsman
4. National Level
Que. 4 : A customer having complaint regarding his insurance policy can approach IRDA through
1. District Consumer Forum
2. IGMS or District Consumer Forum or Ombudsman
3. Ombudsman
4. IGMS
Que. 5 : Which of the following entity is exempt from the purview of the IRDA ?
1. LIC of India
2. GIC of India
3. Postal Life Insurance
4. None of the above
For full IC38 Material with Answer- Click Here
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