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· Mean is regarded as the best of all the averages; it is obtained by adding all the observations and dividing by a total number of observations. It is affected very much by extreme values. · Mode is a value in a distribution that occurs most frequently. Mode is not at all affected by extreme values. · Median is the middlemost item that divides the group into two equal sides, one side comprising all the greater values and the other is with lesser values. A minute change in the series may bring a drastic change in median value. · A geometric mean is an average that shows the central tendency of a set of numbers by using the product of their values. It is based upon all the observations obtained from the population. · The harmonic mean is the reciprocal of the arithmetic mean of the reciprocals of the observations. The most important criteria for it are that none of the observations should be zero.
Which of these changes would typically require an endorsement?
A clause that allows the transfer of rights under a policy from one person to another, usually by means of a written document is called?
Under Pradhan Mantri Jeevan Jyoti Bima Yojana, the life coverage available until the age of ______.
A 'Cover Note' in motor insurance is:
Which of the term is the used when a policy has lapsed due to non-payment of premium?
Risks for which it is difficult for someone to get insurance is called?
What is the maximum sum assured in life micro insurance product?
The period during which the owner of a deferred annuity makes payments to build up assets is called?
Which of the following term is used when the loss is caused by two or more causes acting simultaneously or one after the other?
The 'Insured Declared Value' (IDV) of a vehicle refers to its:
