Question
How many educational institutions were initially planned
to be established under the institution of Eminence (IoE) scheme?Solution
The central Government formulated the Institution of Eminence (IoE) scheme to establish 20 prestigious educational institutions in the country. It was introduced by the University Grants Commission (UGC) in 2017 that required the IoE scheme to receive accreditation within five years of notification. Twenty institutions (10 Public and 10 Private Institutions) received the grant, and eleven among the selected ones got the Institutions of Eminence status in April 2021.
What is the primary method to calculate the pure premium for a group of insured?
Insurance premiums are payable in advance but the insurance company does not fully earn them until the policy period expires is termed as?
_________ is the first and fundamental step towards becoming an IRDAI Agent/Insurance Advisor.
The 'Insured's Declaration' form is typically filled by:
What is a type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance?
A policy that covers the loss of money in transit is:
 Which of the following government increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49%?
What is the purpose of risk management for an insured?
In case of a motor accident, the first step to be taken by the insured is to:
The premium of insurance of your two-wheeler depends on its IDV. What does IDV denotes?
