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Let P = 25 units and Simple Interest = 8 units T = R/2 SI = (P × R × T)/100 => 8 = (25 × R × R)/(100 × 2) => R = 8%
A form of life insurance coverage payable to a third party lender/mortgagee upon the death of the insured/mortgagor for loss of loan payments is termed as?
What is the FDI limit in the Insurance sector?
Which of the following person is basically the representative of the customer and can sell the policies of more than one insurer?
In Insurance, CGL stands for?
What is the significance of "rate on line" in insurance pricing?
A policy that covers various risks faced by banks, including theft, robbery, and employee dishonesty, is:
General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from?
___________ is the liability arising from contractual agreements in which it is stated that some losses, if they occur, are to be borne by specific part...
What is the primary purpose of facultative reinsurance?
An insurance cover that is linked with credit activities and aims to protect the credit is called?