Get Started with ixamBee
Start learning 50% faster. Sign in now
Issuing revised guidelines applicable for remuneration payable to key managerial persons (KMPs) of private sector insurance companies from the current financial year, IRDAI has directed the insurers to complete the framing and reviewing of their remuneration policies based on these guidelines within three months. According to the revised guidelines, the minimum parameters which an insurance company should take into account for the determination of performance assessment of all KMPs for payment of variable pay or incentives are overall financial soundness such as net-worth position, solvency, growth in AUM and net profit, compliance with expenses of management (EoM) regulations, claim efficiency in terms of settlement and outstanding, among others. These parameters should constitute at least 60% of the total weightage in the performance assessment matrix of MD/CEO/WTDs (whole-time director), and at least 30% of the total weightage in the performance assessment matrix of other KMPs individually. Variable pay shall be at least 50% of the fixed pay for the corresponding period and shall not exceed 300% of the fixed pay. Where variable pay is up to 200% of the fixed pay, a minimum of 50% of the variable pay shall be via a non-cash instrument. The same limit would be 70%, in case the variable is above 200% of the fixed pay, adding a minimum of 50% of the total variable pay must invariably be under deferral arrangements and the deferral period should be a minimum of three years.
The given Venn diagram shows the number of students who uses different social media like Facebook, Instagram and Twitter. How many students use either ...
Select the Venn diagram that best illustrates the relationship between the following classes.
Clothes, Shirts, Linen
Clothes = C
Sh...
Select the term from the given options that can replace the question mark (?) in the following series.
M, 14, O, 16, ?, 18, S, 20
In a certain code language,
'see their dresses' is coded as 'ti ve su',
'dresses we see' is coded as 'nx ti ve',
'we see their part...
Five girls Priya, Usha, Riya, Stareya and Tina wrote a novel. The one who wrote first gave it to Riya. The one who wrote last took it from Priya. Tina w...
Which of the following numbers will replace the question mark (?) in the given series?
144, 127, 110, ?, 76, 59
If 'I' stands for '+', 'J' stands for '×', 'K' stands for '÷' and 'L' stands for '–' what will come in place of the question mark (?) in the followi...
Three statements are given, followed by three conclusions numbered I, II, and III. Assuming the statements to be true, even if they seem to be at varian...
Read the given statements and conclusions carefully. Assuming that the information in the statements is true, even if they appear to be at variance with...
Select the correct mirror image of the given figure when the mirror is placed at MN as shown below.
