BANK SBI PO Mock Test Series 2025 (Pre + Mains) Banking and Financial Institutions Insurance Regulatory framework of insurance- IRDA and its role
Which of the following statements are correct under duties, powers and functions of IRDAI?
1
Protection of the interests of the policy holders in matters concerning assigning of policy, nomination by policy holders, insurable interest, settlement of insurance claim, surrender value of policy and other terms and conditions of contracts of insurance
2
Promoting and regulating professional organisations connected with the insurance and re-insurance business
3
Regulating investment of funds by insurance companies
4
Supervising the functioning of the Tariff Advisory Committee
5
All of the above