Question
National Insurance Company reported a total premium
collection of ₹800 crore for FY2023. During the same period, the company paid out claims amounting to ₹640 crore. What is the claims ratio, and what does it imply about the company’s underwriting performance?Solution
Claims Ratio = Claims Paid / Premium = 640 / 800 = 80%. Ratios between 75-85% are generally considered efficient in general insurance underwriting.
Select the option that is related to the fifth number in the same way as the second number is related to the first number and the fourth number is relat...
In a code language ‘SHE WON GOLD MEDAL’ is written as 'JRP VMT QMNZ KPZFN' then how will you write ‘DOME’ in this language?
In a certain code language, the letters of the English alphabet are coded as per their alphabetical order (A as 1 and Z as 26). However, if a consonant ...
In each of the number-pairs, the second number is obtained by performing a certain mathematical operation on the first number. Three of the following pa...
Select the option that is related to the fifth term in the same way as the second term is related to the first term and the fourth term is related to th...
If the following words are arranged alphabetically as per the order in the dictionary, which word will be the second word?
1. Magical
2. M...
Select the option that is related to the fifth term in the same way as the second term is related to the first term and the fourth term is related to th...
Read the given statement and conclusions carefully. Assuming that the information given in the statement is true, even if it appears to be at variance w...
In this question, a question is followed by two statements numbered (I) and (II). You have to decide whether the data provided in the statement/s are s...
Three different positions of the same dice are shown. Find the number on the face opposite the face showing '3'.
