Insurance - Study Mode

[#781] Which among the following cannot form the basis for a valid consumer complaint?
Correct Answer

(B) Shopkeeper not advising the customer on the best product in a category

Explanation

Solution: Shopkeeper not advising the customer on the best product in a category cannot form the basis for a valid consumer complaint.

[#782] Can a complaint be launched against a private insurer?
Correct Answer

(B) Yes, complaint can be launched against private insurers

Explanation

Solution: Yes, complaints can be lodged against any Insurer both in Public Sector and Private Sector in both Life and Non-Life sectors.

[#783] Which is incorrect statement out of the following ones?
Correct Answer

(D) Subsidy is an essential element of insurance

Explanation

Solution: Subsidy is not an essential element of insurance. The elements of an insurance contract can be called many things, but in the end, you need an offer, an agreement, the objects being insured, the requirements that both parties must meet, and the requirement that each party is legally responsible. These components create a legally binding contract.

[#784] Find out which one below is not an asset.
Correct Answer

(A) Air

Explanation

Solution: Air is not an asset among the other given options.

[#785] In costumer relationship the first impression is created
Correct Answer

(D) By being on time , showing interest and being confident

Explanation

Solution: In costumer relationship the first impression is created By being on time, showing interest and being confident.