Question
Under the amendments made to widen the scope of the
Prevention of Money Laundering Act,the threshold of the shares relating to beneficial ownership has been reduced to _______ from 25% ?Solution
Explanation: The recent amendments made to the Prevention of Money Laundering Act have lowered the threshold for beneficial ownership to 10% of shares from the earlier 25%. Reporting entities such as banks and financial institutions are mandated to identify the beneficial owners where the client is acting on behalf of its beneficial owner.
A Life insurance policy for which the cost is equally distributed over the term of the premium period, remaining constant throughout is called?
An extension of endowment plans is known as which policy?
What is called when insurance contract comes into existence when one party makes an offer or proposal of a contract and the other party accepts the prop...
A contract between you and an insurance company in which you make a lumpsum paymentor a series of payments and in return obtain regular disbursements be...
What is the abbreviation of IMCA?
________________ is some amount of money will paid before insurance will pay 100% for an individual’s health-care expenses.
Specific questionnaires in insurance proposal forms are common for:Â
Which feature is not allowed in the Indian insurance market?
The 'No-Claim Bonus' is a discount offered by insurers for:
The first unit-linked insurance plan (ULIP) was launched by which of these countries?
Relevant for Exams:
