When a borrower opts for an insurance policy in connection with a loan, it is common for the lender to require the borrower to assign the insurance policy to the lender. This means that the borrower transfers the rights and benefits of the insurance policy to the lender as security for the loan. This assignment serves as additional collateral for the loan, providing the lender with a claim on the insurance proceeds in the event of a claimable event. Therefore, the loan opted insurance policy is associated with the case of assignment.
'Nobanno' is a harvest festival celebrated with music and dance primarily in which country?
What is the primary role of the newly incorporated CCIL IFSC in GIFT City?
The IndiaAustralia RISE Accelerator, launched in partnership with CSIRO, targets which specific cohort, and what are the expected outcomes of this program?
What is the currency of Laos?
According to a study, every rupee invested in agricultural research in India yields a return of nearly ₹____.
Recently the Minister of Youth Affairs and Sports Shri Anurag Singh Thakur declared the Khelo India Winter Games 3rd edition open in ______.
What is the focus of Swapna Liddle's book, The Broken Script: Delhi Under The East India Company And The Fall of The Mughal Dynasty, 1803-1857?
Who is the author of the book ‘Ambedkar and Modi: Reformer’s Ideas Performer’s Implementation’ ?
82-year-old Indian Politician Sharad Pawar abandoned his position as Chief of the National Congress Party (NCP).He has served as the Chief Minister of w...
What is the primary role of the MisrSat-2 satellite jointly developed by China and Egypt?
