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Assumption I is not implicit. But since it’s mentioned that as part of ongoing mission and because of the use of “also”, we can assume Statement II to be implied, and correct answer is Option 2.
What does the preamble of an insurance policy NOT typically include?
In respect of Life insurance and individual Health insurance policies, a free look cancellation period of ____days has been provided to provide sufficie...
What is the purpose of "excess" in an insurance policy?
The Public Sector Insurance companies in India include:
Which Section of the IRDA Act 1999, specifies the Duties, Powers and Functions of the Authority?
The result of the policyholder’s failure to buy sufficient insurance is termed as?
Under which type of plans, the sum assured is paid at the end of the term as maturity or on the death of the insured during the term of the policy?
What is the significance of "Section 64 VB" of the Insurance Act 1963?
What is a Coverage protecting property against losses caused by a fire or lightning that is usually included in home owners or commercial multiple peri...
Insurance penetration measures: