Question
A hotel provides a 4-D/3-N package with the facility of
breakfast. This is a ..........Solution
In this scenario, where a hotel provides a 4-day/3-night package with the facility of breakfast, it is considered a composite supply. A composite supply consists of two or more taxable supplies of goods or services that are naturally bundled and supplied together in the ordinary course of business. In this case, the hotel stay and breakfast are typically provided together as a single package, and they are naturally bundled in the offering to the customer.
Process of transferring life insurance to another person is called _____ of policy.
What is a typical generic question in an insurance proposal form?
Which of these changes would typically require an endorsement?
The maximum foreign direct investment (FDI) allowed in Indian insurance companies is:
What is the paid up capital of Life Insurance Corporation of India (LIC)?
The Indian insurance industry is governed by which of the following act ?
In case of ambiguity in policy wording, which rule is applied?
Which of the following principles of Insurance enables the insured to claim the amount from the third party responsible for the loss?
What is NOT a common express condition in an insurance policy?
A seller’s market in which insurance is expensive and in short supply is termed as?
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