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Insurance Regulatory and Development Authority of India (IRDAI) has relaxed norms for surety bonds, a type of insurance policy protecting parties involved in a transaction or contract from potential financial losses due to a breach of contract or other types of non-performance. The changes are aimed at expanding the surety insurance market by increasing the availability of such products. The solvency requirement applicable for such products has now been reduced to control the level of 1.5 times from 1.875 times previously prescribed. Further, the prevailing 30 percent exposure limit applicable on each contract underwritten by an insurer, has also been removed.
Which of the following countries was NOT among the five that formally ratified the IBCA Framework Agreement?
How many additional train trips will Indian Railways operate during the Summer Season of 2024?
‘Rani ki Vav’ motif is present on which currency note?
Which of the following diseases is caused by a virus?
Recently the International Convention on Quality Control Circles (ICQCC) was held in which of the following city?
Who received the Aster Guardians Global Nursing Award 2024?
Which financial institution highlighted India’s progress in fossil fuel subsidy reforms, specifically mentioning a “remove, target, and shift” app...
Which of following portal has been developed to digitally monitor and track the restoration and repatriation of children according to the protocol?