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Indian Residents can open a resident bank account jointly with an NRI on “either or survivor” basis according to the Reserve Bank of India (RBI). The term “either or survivor” refers to the condition where both of the account holders can operate the account independently in the absence of the other. Note – The accounts in India by NRIs (like NRE, NRO or FCNR accounts), can be held by NRI jointly with a resident relative on ‘former or survivor’ basis. In this case the resident relative can operate the account as a Power of Attorney holder during the life time of the NRI/ PIO account holder.
Which type of insurance can covers two or more items or location ?
___________ is a type of life insurance policy designed to pay a lump sum on maturity or on death.
The premium of insurance of your two-wheeler depends on its IDV. What does IDV denotes?
Insurance penetration measures:
What is the term used to describe the process of transferring a portion of risk to another insurer?
Which of the following government increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49%?
Which of the following categories of people will NOT be covered under Postal Life Insurance?
Mortality Charge is the amount charged _____________ by the insurer
What does the preamble of an insurance policy NOT typically include?
_________ is the first and fundamental step towards becoming an IRDAI Agent/Insurance Advisor.