Question
What is the minimum assured monthly pension under the
Unified Pension Scheme (UPS) for employees with at least 10 years of service?Solution
The UPS guarantees a minimum pension of ₹10,000/month  for employees who complete at least 10 years of service . It also ensures 50% of average basic pay for those with 25 years of service, thus providing more predictability than market-linked schemes like NPS.
A retrocessionaire is:
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business ...
An insurance cover that is linked with credit activities and aims to protect the credit is called?
What is the significance of "Section 64 VB" of the Insurance Act 1963?
________________ is some amount of money will paid before insurance will pay 100% for an individual’s health-care expenses.
Which of the following types of companies/organisations issue ULIP?
Which of the following is NOT typically found in a marine insurance certificate?Â
What is the purpose of a "No Claim Bonus" in motor insurance?
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
A policy that can be cancelled or have the premiums raised by the insurer on a specific anniversary date, subject to certain reasons written into the po...
