Correct Answer :   Life Mahalife Gold Plan

Correct Answer :   17

There are at present 17 Insurance Ombudsman in different locations and any person who has a grievance against an insurer, may himself or through his legal heirs, nominee or assignee, make a complaint in writing to the Insurance ombudsman within whose territorial jurisdiction the branch or office of the insurer....

Correct Answer :   Max Life

The proposed merger was announced in August 2016. They need approvals from regulatory body IRDA, SEBI, CCI and others.

Correct Answer :   Senior Citizen Plan

Correct Answer :   Reduce the financial consequences of adverse situations

Correct Answer :   SBI Life

SBI Life Insurance is a joint venture life insurance company between State Bank of India (SBI), the largest state-owned banking and financial services company in India, and BNP Paribas Cardiff.

Correct Answer :   LIC

Life Insurance Corporation (LIC) is a state-owned insurance group and investment company head quartered in Mumbai. It is the largest insurance company in the country which was formed in 1956.

Correct Answer :   Chennai

United India Insurance Company Limited (UIICL) head quartered in Chennai was founded on 18th February 1938. The company has more than seven decades of experience in Non-life Insurance business.

Correct Answer :   Hyderabad

All the major activities of IRDAI including ensuring financial stability of insurers and monitoring market conduct of various regulated entities is carried out from the Head Office.

Correct Answer :   Term Insurance Plan

LIC”s Anmol Jeevan II Plan is a pure term plan with no bonus facility. Thus, if the Life Insured dies within the policy tenure, the death benefit is payable to the nominee and nothing is payable on the maturity of the policy.