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As the dynamic nature of business in the IFSCs requires a high degree of inter-regulatory coordination within the financial sector, the IFSCA has been established as a unified regulator with a holistic vision to promote ease of business in IFSC and to provide a world-class regulatory environment. The International Financial Services Centres Authority (IFSCA) was established on April 27, 2020, under the International Financial Services Centres Authority Act 2019. It is headquartered at GIFT City, Gandhinagar, in Gujarat. From 1st October 2020, IFSCA assumed the power of four domestic sector regulators, namely the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), Insurance Regulatory. 21 and Development Authority of India (IRDAI) & Pension Fund Regulatory and Development Authority of India (PFRDAI), in so far as the development and regulation of IFSCs in India were concerned.
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?