The holder of a policy of life insurance on his own life may___________ nominate the person or persons to whom the money secured by the policy shall be paid in the event of his death, under the Insurance Act, 1938
Explanation: Section 39 Nomination by policyholder - (1) The holder of a policy of life insurance on his own life may, when effecting the policy or at any time before the policy matures for payment, nominate the person or persons to whom the money secured by the policy shall be paid in the event of his death.
Which of the following most likely increases the wealth of shareholders?
Which of the following are the components that are required to be estimated for credit risk quantification?
1. Probability of default
2. E...
What is the investment and annual turnover criteria to classify an enterprise as a ‘small enterprise’?
Which of the following best describes a Pledgee?
Narayan Prasad Saud has been sworn in as the new foreign minister of which country?
Which of the following formulae correctly calculates the Operating Profit Margin?
When goods are packed and transported with insurance, the supply of goods, packing materials, transport and insurance as per provisions of CGST Act, 20...
What is the minimum total provisioning coverage ratio, including floating provisions, required for banks?
Which bank has introduced a Dedicated Business Unit Concept, ‘Resources Acquisition Centre’ (RAC) & its primary objective is to strengthen the Reta...
ABC Ltd is a financing company and has given loans and advances to its subsidiary and earned an interest of Rs 1.00 lacs. This interest income is :