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Price of 50 chairs = 50 × 200 = 10000 Price of 60 chairs (without discount) = 60 × 200 = 12000 Price of 60 chairs with discount = 50 × 200 + 10 × 80 = 10000 + 800 = 10800 ∴ Discount = 12000 – 10800 = 1200 Discount % = 1200/12000 ×100 = 10%
An environment where insurance is plentiful and sold at a lower cost, also known as a Buyer’s market is called?
What is the role of an actuary in the insurance industry?
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
The Private equity investors shall not hold more than _________ percent of the paid up equity share capital of the Indian insurance company.
In case of a motor accident, the first step to be taken by the insured is to:
A policy that covers the loss of stock due to refrigeration failure is:
What is the purpose of a "warranty" in an insurance policy?
Which of the following is NOT a common type of insurance policy?
Which part of the policy includes details such as policy duration and limits of liability?
What is the difference between a "condition" and a "warranty" in an insurance policy?
