Question
What is the principle of indemnity in
insurance?ÂSolution
The insurer should compensate the insured for the actual financial loss suffered due to an unforeseen event or peril Explanation: The principle of indemnity requires the insurer to compensate the insured for the actual financial loss suffered due to an unforeseen event or peril, up to the amount of the sum insured.
___________has taken charge as the Managing Director & CEO of Jammu & Kashmir Bank from December 30, 2021.
‘The Vibrant Villages Programme’ of Government of India focuses onÂ
Reliance Industries has acquired a majority stake of 79.4% in___________based SenseHawk Inc through primary infusion and secondary purchase, for $ 32mil...
The SEBI has slapped a penalty of ____ on Gautam Thapar of the Avantha Group, for alleged fund diversion at CG Power and Industrial Solutions.
Bimal Jalan served as the 20th Governor of the Reserve Bank of India (RBI) during which period?
The Shreshta scheme provides access to high quality residential education to the meritorious poor students from Scheduled Caste communities, whose paren...
How many teachers were honored with the National Award on the occasion of Teacher's Day?
What is the significance of the heritage train flagged off by Prime Minister Narendra Modi in Gujarat?Â
Which minister is handling the Ministry of Communications?
What new role has Tyson Fury announced through social media?
Relevant for Exams:
