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RBI issued guidelines for compensation of key managerial personnel and senior management of non-banking finance companies, RBI said that the finance companies have to constitute a nomination and remuneration committee (NRC), which will have the mandate to oversee the framing, review and implementation of compensation policy of the company with the approval of the board. NRC may ensure that compensation levels are supported by the need to retain earnings of the company and the need to maintain adequate capital based on Internal Capital Adequacy Assessment Process (ICAAP). ICAAP (Internal Capital Adequacy Assessment Process) notifies the Board of the current assessment of the bank's risks, how the bank plans to alleviate those risks, and the quantity of current and future capital is needed.
A provision added to a home owners insurance policy that automatically adjusts the coverage limit on the dwelling each time the policy is renewed to ref...
The contractual term for the premium in an insurance contract is known as:
All Risks Insurance is commonly used to cover:
The 'Policy Document' in motor insurance is a legal document that:
The 'Insured's Declaration' form typically includes information about:
A form of whole-life insurance with a predefined number of premiums to be paid is known as?
Insurance is primarily a method of:
In which year all shares of Oriental Insurance Company Ltd. held by the General Insurance Corporation of India were transferred to the Central government?
What is called when insurance contract comes into existence when one party makes an offer or proposal of a contract and the other party accepts the prop...
Which among the following principle states about the Individual who should be benefitted from the insured item?
