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Increased investment of M = 4000 x 1.25 = Rs.5000 Increased investment of N = 5000 + 2000 = Rs.7000 Ratio of profit share of M and N = (4000 x 8 + 5000 x 4) : (5000 x 8 + 7000 x 4) = 13:17 So, total annual profit received by them together = 3400 x (30/17) = Rs.6000
The 'Insured's Declaration' form is typically filled by:
When insurance companies undercut each other to grab market share by reducing premium, it is known as:
A form of reinsurance that indemnifies the ceding company for the accumulation of losses in excess of a stipulated sum arising from a single catastroph...
Which of the following is a public sector general insurance company in India?
Third-Party Administrators (TPAs) are primarily involved in:
A policy that covers loss or damage to a shopkeeper's property and business interruption is:
The Insurance Regulatory and Development Authority (IRDAI) was formed on the recommendation of which committee?
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called _________.
What type of insurance covers goods in transit by road, rail, sea, or air against various risks?
What is the minimum tenure of public provident fund?
