Question
Life Insurance Corporation (LIC) has increased the
gratuity limit to __________ from Rs 3 lakh for its agents so as to provide them with increased financial stability.Solution
Life Insurance Corporation (LIC) has notified an increase in gratuity limit to Rs 5 lakh from Rs 3 lakh for its agents. The increase was effected by amending the Life Insurance Corporation of India (Agents) Regulations, 2017. It also enabled the reappointed agents to be eligible for renewal commission, thereby providing them with increased financial stability. Currently, LIC agents are not eligible for renewal commission on any business completed under the old agency.
A question is given, followed by three statements I, II and III. Identifry which of the statements is/are sufficient to answer the question.
Ques...
How many people are there in a Train? Statement I: Â There are 225 females in the Bus. Statement II: Â 25% of passengers are males and 15% are children....
What was the profit earned by selling an article?
Statement I: The article was sold for Rs 850 after getting a discount of 15% on the labelled p...
A company has two departments, X and Y, and each department has managers and assistants. The number of managers and assistants in these departments is u...
What is the value of 'p'?
Statement I: A group of (p + 16) boys can finish a task in 10 days, while a group of (p + 6) girls can finish the same...
The cost price of an article is Rs. 600. How much profit did a trader get by selling the article, if it was sold at 15% discount?
I. The trader ...
Each question below is followed by two statements I and II. You have to decide whether the data given in the statements are sufficient to answer the que...
Determine the time taken by a pipe R to empty a water tank.
Statement I: Pipe P and pipe Q can fill a water tank in 6 hou...
There are 7 people in a group. Average age of the group decreases by 5 when two more people join the group. Find the average age of the new group.
<...Who among the following among C and A is elder?
i. Age of A, 6 years hence is equal to the sum of 2/3rd of present age of C and 1/5th present a...
Relevant for Exams:
