INSURANCE

What is the main purpose of insurance companies?

• To manage investments

• To provide loans

• To offer financial protection

• To sell cars

What is one benefit of having home insurance?

• It guarantees a new home

• It covers repair costs after damage

• It pays for vacations

• It increases home value

How does insurance help businesses?

• By increasing taxes

• By providing financial support during losses

• By reducing employees

• By limiting their operations

What does the IRDA do for policyholders?

• It protects their rights

• It sells insurance policies

• It provides loans

• It invests their money

What is a key function of the IRDA?

• To create new insurance companies

• To educate consumers about insurance

• To sell insurance directly

• To manage bank loans