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KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks’ services are not misused. The KYC procedure is to be completed by the banks while opening accounts. Banks are also required to periodically update their customers’ KYC details.
In which year New India Assurance Co Ltd nationalized?
Life Insurance Corporation of India provides its policy holders the facility to deposit premium at which of the following intervals?
A policy that covers damage to neon signs is:
What is the minimum group size in Micro Insurance Schemes?
In respect of Life insurance and individual Health insurance policies, a free look cancellation period of ____days has been provided to provide sufficie...
A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have har...
Commercial coverage against losses resulting from the failure of business debtors to pay their obligation to the insured, usually due to insolvency is t...
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called _________.
The maximum foreign direct investment (FDI) allowed in Indian insurance companies is:
2000 factories require a Sum Insured of Rs.10 crores each. Statistically, we know that 2 factories get destroyed by fire each year. However, we do not ...
