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Private sector lender ICICI Bank has launched two new products – loan against deposits and dollar bonds – for non-resident Indians at its GIFT City branch in Gujarat and is the the first to offer these products in GIFT City. The loan against deposits facility is similar to a loan in foreign currency against a deposit in India and includes non-resident external fixed deposits in rupees. Clients may avail of the facility for short-term cash requirements without premature closure of term deposits which entails penalties. Up to 95 per cent of the deposit value can be availed of using this loan and customers can borrow for flexible tenures at fixed or floating interest rates.
Which component of an insurance policy includes the name, logo, and contact details of the insurer?
What is the primary function of a reinsurer?
IRDAI has the power to frame regulations under which of the following Section of the Insurance Act, 1938?
Which type of insurance can covers two or more items or location ?
A policy that covers the loss of profits due to damage to machinery is:
A policy that covers loss or damage to a shopkeeper's property and business interruption is:
In which year New India Assurance Co Ltd nationalized?
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
Life Insurance Corporation of India provides its policy holders the facility to deposit premium at which of the following intervals?
What is called when insurance contract comes into existence when one party makes an offer or proposal of a contract and the other party accepts the prop...
