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
