Question
Which of the following standard immediate annuity
product has IRDA recently asked all life insurance companies to offer?Solution
The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies to offer a standard immediate scheme called 'Saral Pension' in order to reduce the problems faced by policyholders. Insurance providers will launch the Saral Pension Scheme on 1 April 2021. Pension is an essential source of income that helps you fulfill your post-retirement financial needs. This product aims to make it easier for buyers to make an educated decision, boost the relationship between the insurers and the insured, and decrease all mis-selling and possible conflicts.
The Government Scheme facilitates bank loans between Rs.10 lakh and Rs.1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least on...
There is one budget which is prepared as a consolidated summary of all the functional budgets. Identify it among the following:
Under the Pradhan Mantri Suraksha Bima Yojana risk coverage of ________for accidental death and complete disability and _______ for partial disability i...
How much did the Indian stock market's Nifty 50 index grow in FY24?
The global smartphone market is dominated by a few major players like Apple, Samsung, and a few Chinese brands. These companies engage in intense compet...
Which of the following term is not related to the banking industry?
In which year was the Small Industries Development Bank of India (SIDBI) established?
Calculate Rate on Return on Capital Employed:
_________ is partial or complete disposal by sale, swap, close or bankruptcy of a business entity.
Ensuring hassle-free credit availability at a cheaper rate to farmers has been the top priority of the Government of India. Accordingly, the Kisan Credi...
