Question
The exchange rate risk is absorbed by which of the
following under FCNR Deposit scheme?Solution
FCNR accounts are protected against forex rate risks (changes in the value of rupee vis-a-vis the currency in which the account is denominated) as they are maintained in a foreign currency. In other words, the principal and the interest are transferred in the currency in which the account is maintained sans any loss of exchange. The forex risk is therefore absorbed by the bank.
Under motor insurance, ambulances are classified under which class?
Where is the headquarters of Apollo Munich Health Insurance Company Limited located?
A policy that covers damage to neon signs is:
Which of the following is NOT a key step in the underwriting process?
What is the maximum sum assured in life micro insurance product?
The practice of buying or selling of a security by someone who has access to material nonpublic information about the security, is termed as?
Which type of policy is offered by an insurer for covering jewellery?
General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from?
In order to monitor and control solvency requirements, it has been made mandatory to the insurers to submit solvency report on _______ basis.
A motor insurance policy can be cancelled by:
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