BimaKavach has received a direct insurance broking licence from the Insurance Regulatory and Development Authority of India (IRDAI), enabling the firm to actively market its customised range of insurance products for businesses across India. The company specialises in digitising and offering instant quotes for cyber and crime insurance, thereby facilitating online purchases and serviceability. Additionally, it provides tailored solutions and guidance. With a portfolio of 18 insurance products divided into categories such as liability, asset, engineering, marine, and group health insurance, BimaKavach simplifies the insurance acquisition process for businesses. Companies can now manage multiple coverage options in one centralised location, obviating the need for multiple brokers.
The simple interest received after 5 years on Rs. (x + 500) at the rate of 20% p.a. is Rs. (2x – 1500). The amount received on Rs. 3x when investe...
Kiran lent Rs. 40,000 to a friend at a compound interest rate of 'b%' per annum, compounded annually. After one year, the friend returned Rs. 44,800. If...
A sum of Rs.6,000 is to be paid back in two equal annual instalments; each instalment is to be paid at the end of every year. How much is each instalme...
If the ratio of the sum invested and simple interest received after 1 year is 25:16 respectively, then find the rate of interest.
Anil initiated his financial journey by investing Rs. 7500 in a Contra fund, which offered a simple interest rate of 18% per annum for a duration of 2 y...
Arman Funded an amount at the rate of 6 % for a period of 2 years at C.I. while calculating, the rate of interest was interchanged with the time period ...
The time required for a sum of money to amount to five times itself at 16% simple interest p.a. will be
Some amount out of Rs. 15000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 4 years the total interest from both the amou...
A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1525.5 and simple interest of Rs.1500 at the end of 2 ye...
At a simple interest rate of 20% per year for three years, 'P' invested Rs. 'p + 250', and for two years, Rs. 'p + 500' at a simple interest rate of 30%...
