The Life Insurance Corporation of India (LIC) was established in 1956 as a public sector life insurance company in India. However, LIC is not the only public sector life insurance company in India. There are also other public sector life insurance companies such as the General Insurance Corporation of India (GIC) and its subsidiaries. The maximum coverage under a life insurance policy in India is not unlimited. The coverage is subject to the underwriting policies of the insurance company, which take into account various factors such as the age, health, and income of the policyholder. Typically, the coverage amount is determined based on the sum assured, which is the guaranteed amount that the insurance company will pay to the policyholder or the nominee in the event of the policyholder's death.
In January 2024, the RBI issued guidelines on the new RBI-Digital Payments Index (DPI). Which of the following parameters carries the highest weight in ...
Provisioning for secured advances in doubtful category for up to one year is ______
Which country has India’s Ministry of MSME signed an MoU with to promote cooperation on SMEs?
Depreciation is charged on which among the following?
The Banking which offers all types of financial products like banking, insurance, mutual funds, capital market related products, investment products, an...
The organization budgeted $400,000 for 40,000 hours of direct labor to complete 16,000 units of finished product. The firm used 42,000 direct labor hour...
When a borrower opts for an insurance policy in connection with a loan, it is a case of _______
One of the bonds used to raise debt is zero coupon bonds. Which of the following statement is incorrect regarding Zero Coupon Bond?
The rupee denominated bond issued outside India by Indian entities. They are debt instruments help to raise money in local currency from foreign invest...
An effective MIS (Management Information System) should have all the features, except?
