Question
What is the maximum quantum of award/compensation that
can be awarded by Ombudsman of PFRDA?Solution
PFRDA appoints an ombudsman to resolve grievances relating to the National Pension System (NPS) and Atal Pension Yojana (APY). The Ombudsman has the power to pass orders and impose fines. Ombudsman can pass awards up to Rs. 10 lakh. Grievances could include issues like delay in remitting pension contributions to the NPS account, even though they have been deducted from the subscriber’s salary.
In Insurance, CGL stands for?
What term applies to conditions that must be met before the insurer’s obligations arise?Â
What is the purpose of risk management for an insured?
What is an insurance purchased by a bank or creditor on an uninsured debtor’s behalf so if the property is damaged, funding is available to repair it?...
What is the impact of inflation on premium calculations?
What does the term "insured" refer to in insurance?Â
What is the purpose of a consequential loss policy?
The Insurance Act to govern both life insurance and non-life insurance was passed in which year?
A policy that covers loss or damage to a shopkeeper's property and business interruption is:
The operative clause in an insurance policy is also known as:
