Structure of Insurance Market

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Which of the following entities is responsible for regulating the insurance market in India?

SEBI

Reserve Bank of India (RBI)

Insurance Regulatory and Development Authority of India (IRDAI)

Ministry of Finance

Which of the following is the primary objective of IRDAI?

To regulate capital markets

To issue government bonds

To promote competition and ensure fair treatment of policyholders

To manage foreign direct investment

What are the two main segments of the insurance market in India?

Life insurance and motor insurance

General insurance and crop insurance

Life insurance and general insurance

Marine insurance and fire insurance

Which of the following is a life insurance company in India?

New India Assurance

United India Insurance

LIC of India

Oriental Insurance

Which of the following public sector general insurance companies operates in India?

HDFC Life Insurance

SBI Life Insurance

National Insurance Company

ICICI Prudential Life Insurance