What is the role of the Insurance Ombudsman in India?
The Insurance Ombudsman is an independent body established by the Government of India to investigate and settle disputes between policyholders and insurance companies. The Insurance Ombudsman is appointed by the IRDAI and operates under the provisions of the Insurance Ombudsman Rules, 2017. The Insurance Ombudsman has the power to award compensation to the policyholder and direct the insurance company to take appropriate action to resolve the dispute. The Insurance Ombudsman can handle disputes relating to claims, premiums, policy servicing, misrepresentation, and other related issues. Hence, option A is correct.
Which of the following institution was established by the Government of India to develop and regulate international financial services centers in the co...
Who has been designated as the new Chief Coach of India's Men's National Hockey Team in March 2023, replacing Grahan John Reid?
According to the RBI, how much percent increase has been recorded in bank credit in July 2022?
What does the draft Broadcasting Services (Regulation) Bill, 2023 aim to achieve?
The Government of India has approved a plan to establish ______ new multipurpose Primary Agricultural Credit Societies (PACS) / dairy / fishery primary ...
A short-term government security paper is called ______?
What is the total value of transactions processed by the UPI platform in November, setting a new record and surpassing the previous month's figures?
’A’ App has been developed to democratize information on citizen services & provide citizen-centric services in India.It has been launched by th...
What is the main objective of KYC guidelines followed by Banks?
I- It helps prevent banks from using criminal networks.
II- KYC helps the ...
Which company unveiled the Card Soundbox, a device that allows merchants to accept both mobile and card payments, including Visa, Mastercard, American E...
