Let the amount received by C be ₹x. Amount received by B = 75% of C = (75/100)x = 0.75x. Amount received by A = 120% of B = (120/100)(0.75x) = 0.9x. Total amount = A + B + C = 53,000. 0.9x + 0.75x + x = 53,000. 2.65x = 53,000. x = 53,000 / 2.65 = ₹20,000 Correct Option: a
The 'Third-party liability' cover in a motor insurance policy protects the insured against:
What does the preamble of an insurance policy NOT typically include?
The 'Own Damage' cover in a motor insurance policy protects the insured against:
After a process of mergers among Indian insurance companies, how many companies were left as fully owned subsidiary companies of GIC?
The General Insurance Corporation of India was incorporated as a company in which year?
A policy that covers the cost of repairing or replacing damaged boilers and pressure vessels is:
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 Insurance Regulatory and Development Authority (IRDA) was established in:
____________ is the ratio of the number of life insurance policy that lapsed within a given period to the number of policy in Force at the beginning of...
What is the purpose of "reinsurance treaties"?