Question
When a borrower opts for an insurance policy in
connection with a loan, it is a case of _______Solution
When a borrower opts for an insurance policy in connection with a loan, it is common for the lender to require the borrower to assign the insurance policy to the lender. This means that the borrower transfers the rights and benefits of the insurance policy to the lender as security for the loan. This assignment serves as additional collateral for the loan, providing the lender with a claim on the insurance proceeds in the event of a claimable event. Therefore, the loan opted insurance policy is associated with the case of assignment.
What is the primary focus of the joint microwave remote sensing satellite, NASA-ISRO Synthetic Aperture Radar (NISAR), set to be launched by India and t...
The South Asian Association for Regional Cooperation (SAARC) is an economic and political organization of _____ member countries?
India’s first vaccine to prevent Lumpy Disease was developed by which of the following Institute?
Which Indian state is home to the village of Dhordo, selected as one of the UNWTO's (United Nations World Tourism Organization) Best Tourism Villages fo...
European Union's JUICE Spacecraft will explore which of the following planets?
What is the final target altitude for satellites launched under Amazon’s Project Kuiper?
What is the total cost of the revival plan approved for Rashtriya Ispat Nigam Ltd. (RINL)?
Which international collaboration achieved the first successful laser cooling of Positronium, a short-lived hydrogen-like atom?
What is the total number of Indian institutions featured in QS World University Rankings 2026?
Which company has entered into a MoU with National Skill Development Corporation (NSDC) for "Setting up of Multi Skill Development Institutes (MSDIs) to...
