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Let the marked price of the article is Rs. ‘x’. According to the question; 0.92x – 0.88x = 108 Or, 0.04x = 108 Or, x = 108/0.04 = 2700 Cost price of the article = (75/100) × 2700 = Rs. 2025
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?
