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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.
How many High Genetic Merit (HGM) calves have been produced through IVF labs under the Rashtriya Gokul Mission?
Recently the central government launches 3 schemes to strengthen MSMEs in pharmaceutical sector, who will be the project management consultant for impl...
What is the total prize money for the Hockey India League (HIL) 2024-25 edition?
The Telecommunications Act, 2023 seeks to repeal which of the following existing legislative frameworks?
The Union Cabinet has given the approval for setting up of _____ new Greenfield Airports in different states out of which 9 airports are being operative.
Who will lead India's implementation of the BBNJ Agreement?
Meraxes gigas, recently discovered, is the species of which of the following?
The Indian Space Research Organisation (ISRO) and its commercial arm Antrix Corporation Ltd. are set to commercialize India’s regional navigation ...
Department of Pharmaceuticals is planning to organize a large-scale first-time National Level Expo on the Medical Devices sector for three days (18-20 A...