Question
Under KCC, farmers can avail short term loans up to 3
lakh at a simple interest rate of ___ on condition of timely payment.Solution
Farmers can avail short term loans at a simple interest rate of 4% on condition of timely payment. Interest Subvention up to 3% is given if the farmer repays the loan promptly, but in case of late payment, bank will charge interest rate of 7% on the loan amount.
A type of reinsurance in which the re-insurer indemnifies the ceding company for losses that exceed a specified limit is called?
What is the primary purpose of reinsurance?
The Insurance Act has __________sections and ______ schedules.
What is an insurance purchased by a bank or creditor on an uninsured debtor’s behalf so if the property is damaged, funding is available to repair it?...
A missing person is considered to be dead after how many years of missing ?
A contract, such as an insurance contract, requiring that certain acts be performed if recovery is to be made is known as?
Which of the following insurance compensates for the cost of repairing or replacing defective products past the normal warranty period provided by manu...
The largest general insurance company in the world by revenue is:Â
New India Assurance Co Ltd is a type of ?
Who is a good endorser for life insurance?
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