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Let the number of red, blue and green balls in the bag are 2x, 4x and 5x respectively. Total number of balls in the bag = 2x + 4x + 5x = 11x So according to question: 4xC2/11xC2 = 1/8 4x (4x – 1)/ 11x (11x – 1) = 1/8 (16x – 4)/ (121x – 11) = 1/8 128x – 32 = 121x – 11 7x = 21, x = 3 So the total number of balls in the bag = 33
What is the ceiling of annual premium in a Micro Variable Insurance Product?
A retrocessionaire is:
What is the purpose of risk management for an insured?
As per current norms in India, what is the maximum limit of No Claim Bonus (NCB) in percentage?
The 'Policy Document' in motor insurance is a legal document that:
Which principle specifies an insured should not collect more than the actual cash value of a loss?
The contractual term for the premium in an insurance contract is known as:
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called _________.
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 ________.
Coverage for bodily injury and property damage incurred through ownership or operation of a vehicle is called?