Question
The implementation of prudential norms on BASEL III
capital framework for AIFIs shall be from April 01, 2022 except for ____, for which the implementation will be from _________.Solution
The central bank wants AIFIs to achieve minimum total capital of 9 per cent and capital conservation buffer of 2.5 per cent, with the minimum total capital and CCB adding up to 11.5 per cent, by April 1, 2022. Â For NHB, since the accounting year is July-June, the implementation shall commence on July 1, 2022.
A type of reinsurance in which the re-insurer indemnifies the ceding company for losses that exceed a specified limit is called?
Which of the following company is not a foreign insurance company?
What is the maximum value of claim up to which an insurance Ombudsman can redress a customer grievance?
An insurance cover that is linked with credit activities and aims to protect the credit is called?
Funds that a lender collects to pay monthly premiums in mortgage and home owners insurance, and sometimes to pay property taxes is called?
Failure to disclose material facts can make the policy:
What is the purpose of a deductible in an insurance policy?
The 49th GST Council made recommendations relating to GST compensation. In this context, Government of India has decided to clear the entire pending bal...
As per the insurance act, early Death Claims can arise out of death during the first __________ policy years.
The 'No Claim Bonus' is calculated based on:
