n NISM Certifications
NSM General NISM
Medium

What is the concept of "product suitability" created by IRDAI?

Practice question from IC 38 Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Method to increase mis-selling by insurance intermediaries

  2. B

    Process to reduce accountability of intermediaries

  3. Process to make intermediaries accountable and reduce mis-selling

    Correct answer

  4. D

    Way to discourage clients from buying insurance policies

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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