Question
What is the age criteria for the government-backed Life
insurance scheme for Pradhan Mantri Jeevan Jyoti Bima Yojana?Solution
The Insurance Regulatory and Development Authority of India (IRDAI) has reduced the capital required by insurance companies offering policies under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) by almost 50 per cent. This is to enable insurers to offer more policies under the scheme, and provide financial security to the bottom-of-the-pyramid segment in India. The easing of capital requirements by Irdai will accelerate the penetration of life insurance in India. It will support the life insurers in achieving their target set by the government. Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed Life insurance scheme in India. It provides life insurance cover worth Rs 2 lakh to all account holders aged 18-50 years. According to government data, the number of active subscribers enrolled under PMJJBY as of March 31, 2022, is 64 million.
For every debit there will be an equal credit according to
Which of the following is not true about capital reserves?
Which of the following statement is incorrect?
An annuity that starts at a predetermined date in the future is called as:
State which statement is correct:
As per AS 10 (Revised) ‘Property, Plant and Equipment’, an enterprise holding investment properties should value Investment property:
Interest coverage ratio can be numerically expressed in the form of the following equation:-
A company produces a single product with the following cost structure:
• Selling price per unit: ₹500
• Variable cost per unit: ₹3...
Under cash basis accounting, revenue is recorded when:
Which of the following is an example of an adjusting journal entry?
