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प्रश्न
Which institution regulates Insurance Agents? Explain this intermediary.
स्पष्ट कीजिए
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उत्तर
The Insurance Regulatory and Development Authority of India (IRDAI) regulates insurance agents. IRDAI issues licenses to insurance agents when they meet the necessary qualifications and agree to a proper code of conduct.
Insurance agents are persons or brokers who work as intermediaries between insurance firms and the general public. They sell insurance plans to customers, explain their terms and benefits, and help with documentation and claim settlement.
Insurance agents play an important role in raising insurance awareness and availability. Their job is difficult, but it is critical for the smooth running and distribution of insurance services throughout the country.
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अध्याय 22: Business Regulators and Intermediaries - EXERCISES [पृष्ठ ३०८]
