When a borrower opts for an insurance policy in connection with a loan, it is a case of _______
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.
Shogatsu is the New Year festival of which of the following countries?
The tribal people of which Indian state celebrate Sarhul festival where a sal tree is worshipped for health and prosperity?
Who among the following was appointed as the interim CEO of the Board of Control for Cricket in India (BCCI) in July 2020?
Which among the following is the lightest gas?
India’s overall score on the NITI Aayog Sustainable Development Goals (SDG) India Index and Dashboard in 2020-21 is_____.
How many countries are members of SAARC?
What is the name of India's first planned manned space flight?
How much ex gratia has been increased for the families of slain defence personnel in Uttarakhand?
Which Logic Gate is known as Universal Gate?
Which organization has allowed India registered Alternative Investment Funds (AIFs) to invest in foreign entities without having any link with India?
