Question
Which one of the following is a correct equation?
Solution
Answer: C. Opening capital = Closing capital + Drawings - Additional capital – Profit
What is accumulation hazard?
The section of the policy that outlines what is NOT covered is called:
_______ in the insurance industry involves an applicant gaining insurance at a cost that is below their true level of risk.
The 'No Claim Bonus' is calculated based on:
_________ is the first and fundamental step towards becoming an IRDAI Agent/Insurance Advisor.
The General Insurance Corporation of India was incorporated as a company in which year?
A form of liability insurance providing coverage for negligent acts and omissions such as workers compensation, errors and omissions, fidelity, crime, ...
___________ is a type of life insurance policy designed to pay a lump sum on maturity or on death.
Percentage of each premium rupee that goes to insurers expenses including overhead, marketing and commissions is called ____.
A policy that covers damage to neon signs is:
