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The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new regulations on commission payments to intermediaries and expenses of management for general and health insurance companies. While the Payment of Commission Regulations, 2023, removes previous caps on payments, the Expenses of Management (EOM) Regulations, 2023, allows for additional expenses related to foreign and IFSC branches, Insurtech, and insurance awareness. The new regulations issued by the Insurance Regulatory and Development Authority of India (IRDAI) will be effective from April 1. Under the EOM Regulations, 2023, general insurance companies can work with EOM up to 30% of gross premium written, while insurers carrying on standalone health insurance business are allowed to go up to 35% of gross premium written. The objective of these regulations is to provide the insurers the flexibility to manage their expenses based on their growth aspirations and the ever-changing insurance needs with an objective to improve insurance penetration.
'Dog' is related to 'Labrador' in the same way as 'Vegetable' is related to '_______'.
Select the option that represents the correct order of the given words as they would appear in an English dictionary.
1. Appear
2. Approac...
A 200 m long train at the speed of 60 km/h crosses another train as fast as twice the speed of first and running in opposite direction in 10 sec. Find t...
Statements:
1. Some mammals are animals.
2. All animals are birds.
Conclusions:
1. All birds are animals.
2. Some...
There are six persons, A, B, C, D, E and F. A, B, C and F are male and other two are female. The height of A is 5.2 feet, B is 5.7 feet, C is 5.9 feet, ...
Each of P, Q, R, S, T, U and V has exam on different day of the same week starting from Monday and ending on Sunday. R's exam is immediately before U's ...
If 10th May of a given year is Monday, what day of the week will be 11th July of the same year?
Two statements are given, followed by two conclusions numbered I and II. Assuming the statement to be true, even if they seem to be at variance with co...
In a certain code, JUG is coded as 38 and WATER is coded as 67. How will GLASS be coded in the same code?
Select the triad in which the numbers are related in the same way as are the numbers of the following triads. (NOTE: Operations should be performed on t...