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The Common Service Centres (CSCs) were introduced by IRDA as a new insurance intermediary mainly to market:
A{'text': 'Reinsurance products', 'letter': 'A'}
B{'text': 'Marine cargo policies', 'letter': 'B'}
C{'text': 'Group employer-employee policies', 'letter': 'C'}
D{'text': 'Certain categories of retail insurance policies', 'letter': 'D'}
Answer & Solution
Correct answer: D. {'text': 'Certain categories of retail insurance policies', 'letter': 'D'}
1. IRDA expanded distribution by licensing CSC e-Governance Services India Ltd.
2. CSCs have a network of more than one lakh centres.
3. The licence is to market certain categories of retail insurance policies.
_Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "License to act as insurance intermediary is given to M/s. CSC e-Governance Services India Ltd., to market certain categories of retail insurance policies through its network of more than one lakh Common Service Centres."_