Question on Insurance : Insurance is a mechanism of;

Question on Insurance : Insurance is a mechanism of;

Answer the following Insurance Question.

1. If Hema takes a policy to whom she transfers the risk?
a) agent
c) insurance company
d) none of the above

2. The Foreign Direct Investment (FDI) in the Indian Insurance Industry is allowed up to.....
a) 0%
b) 0%
c) 0%
d) 0%

3. Insurance is a mechanism of
a) Risk retention
b) Pooling of risk
c) Risk transfer
d) none of the above

4. The insurance products designed by the insurance Companies may not
a) Take care of the needs of individuals in different life stages
b) Provide varied investment options
c) Provide flexibility and add-on benefits
d) Guarantee capital appreciation

Asked by: Ziyaul on Jan 28, 2019.

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