Net Profit after Tax = Rs. 60,000 Tax Rate = 40% Net Profit before tax = Net profit after tax × 100/(100 – Tax rate) = Rs. 60,000 × 100/(100 – 40) = Rs. 1,00,000 Interest on Long-term Debt = 15% of Rs. 10,00,000 = Rs. 1,50,000 Net profit before interest and tax = Net profit before tax + Interest = Rs. 1,00,000 + Rs. 1,50,000 = Rs. 2,50,000 Interest Coverage Ratio = Net Profit before Interest and Tax/Interest on long-term debt = Rs. 2,50,000/Rs. 1,50,000 = 1.67 times.
A contract, such as an insurance contract, requiring that certain acts be performed if recovery is to be made is known as?
The conversion of the account balance of a deferred annuity contract to income payments is termed as?
What percent shares of New India Assurance Co Ltd is owned by Government of India?
If a policy holder stops paying the premium after three years, but does not withdraw the money from his policy, then the policy is said to be?
The Employment State Insurance (ESI) Act of 1948 is applicable to all establishments having __________or more workers.
A generic term applying to all types of insurance indemnifying or reimbursing for losses caused by bodily injury or illness including related medical ex...
Which among the following principle states about the Individual who should be benefitted from the insured item?
A motor insurance cover note is valid for how many days?
The operative clause in an insurance policy is also known as:
The 'Third-party liability' cover in a motor insurance policy protects the insured against:
