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Let the S.P = Rs 400 New S.P = (1/4) × 400 = Rs 100 Loss = 30% C.P = 100 × (100/70) = 1000/7 Actual profit = {[400 - (1000/7)]/(1000/7)} × 100 = 1800/1000 × 100 = 180%
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?
