Start learning 50% faster. Sign in now
The Insurance Regulatory and Development Authority of India (IRDAI) has mandated that all policyholders must provide their Know Your Customer (KYC) details when purchasing any type of insurance policy from January 1, 2023. This requirement applies to all individuals and entities purchasing insurance in India and is intended to ensure that insurance companies have accurate and up-to-date information about their policyholders. Providing KYC details helps to prevent fraud and money laundering, and ensures that policyholders receive the full benefits of their insurance coverage. Currently, KYC documents are only required when making a claim worth over Rs 1 lakh. Under the new insurance rule, KYC documents will be required even while purchasing a new policy.
As per the Transfer of Property Act where the terms of a transfer of property direct that the income arising from the property shall be accumulated eith...
According to Section 9 of the Code of Civil Procedure. 1908, the court shall have jurisdiction to try all suits of a civil nature excepting suits of wh...
Plaint is covered under which order of CPC?
If a partner earns some profit for himself from the business of the firm?
There is a school by the side of the road. Three children of nursery class stray away from the school on to the road. A truck driver, who was driving th...
According to section 6 of the Specific Relief Act, 1963, if any person is disposed without his consent of immovable property otherwise then in due cour...
As laid down under the Banking Regulation Act no banking company shall have in its Board of directors, ______________directors who are directors of comp...
For the purposes of Section 141 of Negotiable instruments Act. 1881. 'Company' doesn't mean:
What is the punishment for false evidence under Companies Act 2013 ?
In the law of evidence, a retracted confession