Question
What is the term for an insurance contract, usually in a
standard form, between the insurer and the insured (policyholder), outlining the legally required claim that the insurer must pay, with an initial payment referred to as what?Solution
An insurance policy is a contract (usually a standard form contract) between the insurer and the insured, known as the policyholder, which sets out the claim that the insurer is legally required to pay. In lieu of initial payment, it is known as Premium.
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Consider the following sectors:
1. Atomic Energy Generation
2. Nidhi Company
3. Lotteries (online, private, government, etc.)
<...Pink revolution in India is related to?
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Consider the following statements about UNESCO's Prix Versailles award:Â
1.     Recently, IGI Airport has won this award.Â
2.  �...
Which entity sponsors the highest number of Regional Rural Banks (RRBs) in India?
Which organization approved the voluntary amalgamation of The Yadagiri Lakshmi Narasimha Swamy Co-operative Urban Bank Ltd. with The Gayatri Co-operativ...
Which core industry recorded the sharpest decline in October 2025 according to the ICI data?
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