Latest 4th March 2024 Current Affairs News for Exam Pre

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4.

What is the significance of Policybazaar Insurance Brokers receiving approval from IRDAI to transition to a composite insurance broker?

A: It enables Policybazaar to exclusively focus on selling reinsurance products.
B: Policybazaar can now sell a wider range of insurance products, including reinsurance, general, and life insurance.
C: Policybazaar can only sell reinsurance products, excluding general and life insurance.
D: It restricts Policybazaar from selling reinsurance products and limits its operations to direct insurance brokerage.

The answer is: B