Q. In the ‘Saral Suraksha Bima’ policy proposed by the IRDAI, what is the maximum sum assured?
Answer: Rs 1 crore
Notes: The insurance regulator IRDAI has proposed a standard personal accident cover, named Saral Suraksha Bima.
All general and standalone health insurers have to mandatorily offer the policy from April 1 this year. The product will have a maximum sum assured of Rs 1 crore and minimum of Rs 2.5 lakh. The sum insured will also increase by 5 per cent each year for each claim-free policy year.

This question is part of Current Affairs Daily 20 MCQs Series Course on GKToday Android app.