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.
In which year did Albert Einstein predict a new state of matter, the Bose-Einstein condensate (BEC), based on a quantum formulation by the Indian physi...
Each sentence below has one or two blanks. Fill in these blanks with the most appropriate word/ phrase from the four options that are given following ea...
Which branch of the government is responsible for implementing laws and policies?
Who won the 2024 Nobel Prize in Literature?
Which of the following parts of the Indian Constitution is related to the citizenship?
What percentage of the Rs 2,000 banknotes, in circulation as of May 19, 2023, has been returned to the banking system?
What is one characteristic of a Laissez-Faire leadership style?
How many world heritage sites have been protected by UNESCO as of June 2020?
Kud dance is one of the most popular folk dances of ________________.
Consider the Following statements:
I. Affordability Index for H1 2022 was recently released by Knight Frank India.
II. Knight Frank India ...
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