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The Insurance Regulatory and Development Authority of India (IRDAI) approved the reduction of interest rate for revivals or policy loans, among others. These are applicable to existing policies that were closed for new business but still exist on insurers' books The alterations are introduced to give additional benefits and flexibility to existing policyholders, ensuring they are not adversely impacted. The insurance regulator has decided to allow the addition of existing riders which are open for sale, the addition of premium payment modes, reduction in interest rate for revivals or policy loans, and the addition of one or more payment frequencies to income benefits payable to policyholders.
XYZ Ltd. has the following details: Equity Share Capital = ₹50 lakhs, Reserves = ₹20 lakhs, Long-term Debt = ₹30 lakhs. EBIT for the year is ₹18...
Which conditions must be met for a third party’s customer due diligence to be accepted by an RE?
A firm’s gross profit is ₹50 lakh, sales are ₹2 crore. What is its gross profit margin?
ABC Ltd.’s net profit is ₹1 crore. Its equity is ₹5 crore. The return on equity (ROE) is:
X Ltd. is merged with Y Ltd. under the pooling of interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated i...
If the MOS = 20,000 units and PV ratio is 60%. Calculate profit if revenue per unit is 4.
Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023:
Which of the following formulae correctly calculates the Operating Profit Margin?
A company has the following balances on its Balance Sheet:
• Cash & Bank Balances: ₹2 crore
• Trade Receivables: ₹4 crore
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A company’s debt-to-equity ratio increases from 1.5 to 2.5 over the year. What can be a likely interpretation?