Question
An insurance company collects premium of ₹12,00,000
for annual policies starting 1 October 2024. The accounts close on 31 March 2025. According to IRDAI guidelines, the Unearned Premium Reserve must be calculated on a time-proportion basis. What is the UPR at year-end?Solution
• Period unearned = 6 months (Apr–Sep 2025) out of 12 months = 50%. • UPR = 50% × ₹12,00,000 = ₹6,00,000.
What is the main purpose of the 'Social Security Agreement' signed between India and Argentina?
Which company has launched a digital platform offering various financial services to its customers through a single application named 'FinCorp ONE', the...
How many goals did Olivier Giroud score in his international career for France?
The second cohort of the startup labs in India has been announced in partnership with Anymind Group and T-Hub which is a three-month-long programme aims...
Who is the chairman of reconstitute SEBI's alternative investment policy advisory committee, which advises the capital markets regulator on various matt...
- The autobiography "Dalithan" was authored by which social activist?
What is the indigenous content percentage in the Tejas Mk-1A aircraft?
The issue price of the Sovereign Gold Bonds 2022-23 (Series IV) during the subscription period shall be ______ per gram.
Ministry of culture in collaboration with the Ministry of Textile inaugurated Jharokha in ______?
Recently who was appointed as the new CEO of NITI Ayog?
