Question
The revised Prompt Corrective Action (PCA) Framework for
Urban Co-operative Banks (UCBs) officially replaced the older Supervisory Action Framework (SAF). Which categories of UCBs are explicitly covered under this new PCA framework?Solution
The revised PCA framework is explicitly applicable to all UCBs falling under the Tier 2, Tier 3, and Tier 4 categories. Tier 1 UCBs are currently excluded from this framework but are kept under enhanced supervisory monitoring. Additionally, UCBs already placed under All Inclusive Directions (AID) are exempt from this specific framework.
When a single insurance company offers both life and non- life insurance policies then what does it known as?
Which of the following organization provides export credit insurance support to Indian exporters?
The 'Own Damage' cover in a motor insurance policy protects the insured against:
Which of the below cannot be an intermediary?
An amount of premium for which payment has been made by the policyholder but coverage has not yet been provided is known as?
_________ is the first and fundamental step towards becoming an IRDAI Agent/Insurance Advisor.
What is a form of non-proportional reinsurance?
In case of an individual, the proposed shareholding in the paid up equity capital of the insurance company is capped at _____________ percent
The Life Insurance Companies Act was passed in which year?
The central office of the Life Insurance Corporation of India (LIC) is located at?