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Insurance Repository, Ombudsman, Grievance Management System
1
2
3
4
5
1.
What is the primary purpose of an insurance repository in India?
To regulate insurance companies
To allow policyholders to hold and manage insurance policies in electronic form
To settle claims faster
To provide insurance to rural populations
2.
Which of the following organizations provides insurance repository services in India?
SEBI
LIC of India
National Securities Depository Limited (NSDL)
General Insurance Corporation of India (GIC)
3.
What is the primary role of an Insurance Ombudsman?
To regulate insurance pricing
To resolve complaints and disputes between policyholders and insurers
To approve new insurance products
To manage insurance repositories
4.
How many Insurance Ombudsman offices are currently operational in India?
12
17
21
25
5.
A policyholder can approach the Insurance Ombudsman for grievances if the insurer does not respond within how many days of filing a complaint?
15 days
30 days
45 days
60 days
Submit Test
These questions are part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.
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