Question
What is Monetary Policy Framework Agreement?
Solution
Monetary Policy Framework Agreement is an agreement reached between Government and the central bank in India – the Reserve Bank of India (RBI) - on the maximum tolerable inflation rate that RBI should target to achieve price stability. The Reserve Bank of India and Government of India signed the Monetary Policy Framework Agreement on 20 February 2015 which made inflation targeting and achieving price stability the responsibilities of RBI.
If a policy holder stops paying the premium after three years, but does not withdraw the money from his policy, then the policy is said to be?
The largest general insurance company in the world by revenue is:Â
The free-look period is of how many days ?
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
What is the primary goal of risk management?
The General Insurance Corporation of India was incorporated as a company in which year?
A Life insurance policy for which the cost is equally distributed over the term of the premium period, remaining constant throughout is called?
What is the primary function of a reinsurer?
In relation to insurance sector, what is the full form of EP?
A person invests Rs. 100000 in an insurance policy, 40000 Rs in a PPF account. He also invests fees of his two children 40000rs each. Then how...