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Credit Risk is the default risk or non-recovery of loan / failure on part of borrower to meet its obligations as per the loan agreement, either due to inability or unwillingness to repay on part of borrower. When the bank is unable to recover from the collateral provided, it also adds to the credit risk which is known as the recovery risk in credit risk.
A contract between you and an insurance company in which you make a lumpsum paymentor a series of payments and in return obtain regular disbursements be...
In private motor insurance, separate rates apply for vehicles below and above:
What is NOT an element of an insurance contract?
Identify the correct full form of GAAT?
An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known...
Which of the following is NOT a common type of insurance policy?
The 'Insured's Declaration' form typically includes information about:
Consider the following statement:
I. Section 25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee.
II. I...
What is the purpose of "File and Use" regulations?
A policy that covers financial losses due to delays in project completion caused by accidental damage is:
