EPFO APFC • General Studies • 2016 • Q.23
InsuranceMedium
Which of the following are the typical differences between the private insurance programmes and the social insurance programmes?
1
Adequacy versus Equity
2
Voluntary versus Mandatory Participation
3
Contractual versus Statutory Rights
4
Funding
Syllabus Connection
Types of Insurance & Industry: Life insurance (term, endowment, ULIPs), General insurance (fire, marine, motor, health), IRDAI regulatory framework. (APFC)
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