Multiple choice

To address customer grievances in respect of insurance contract on personal lives, there is an institution called _______.

  1. Insurance <font size="2">O</font>mbudsman

  2. Insurance <font size="2">R</font>egulator

  3. Insurance Intermediary

  4. Insurance Regulatory and <font size="2">D</font>evelopment Authority
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A Correct answer
Explanation

The institution of Insurance Ombudsman was created by a Government of India Notification dated 11th November, 1998 with the purpose of quick disposal of the grievances of the insured customers and to mitigate their problems involved in redressal of those grievances. 

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