Question
What is the minimum amount of unexpired risk reserve
mandated by the Executive Committee of the General Insurance Council for Other Insurance?Solution
For Other Insurance, as per the Executive Committee of the General Insurance Council, the minimum amount of unexpired risk reserve that needs to be retained is 50% of the premium. This implies that insurance companies must keep aside half of the premium they receive for other types of insurance policies to ensure they have sufficient funds to meet future claims and obligations.
If a + b = 56 and (a – b)² = 496, find the value of the product of a and b.
The average of three numbers a, b and c is 2 more than c. The average of a and b is 48. If d is 10 less than c, then the average of c and d is:
A number is increased by 20%, and the resulting number is decreased by 20%. If the initial number is ₹x, the final number is ₹2880. What is the valu...
105, 111, 123, 141, ?, 195
Three cubes of metal whose edges are 3cm, 4cm and 5cm. respectively are melted and a single cube is formed. What is the length of the edge of the newly ...
- If (725 – 700 + 175) ÷ 5 + √1225 = x, then {(x/2) + 20} = ?
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