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Depreciation is the method used to allocate the cost of tangible assets over their useful lives. It reflects the gradual reduction in the asset's value due to wear and tear, aging, or obsolescence over time. This helps in properly matching expenses with revenue generated from the asset.
What do you mean by money back policy in insurance?
The process of determining the cost of an insurance policy based on the actual loss experience determined as an adjustment to the initial premium paymen...
The first private health insurance company in India was:
Under motor insurance, ambulances are classified under which class?
Once an insurance company has paid up to the limit, it will pay no more during that year is known as ____________?
What is the purpose of "File and Use" regulations?
Which of the following is NOT typically found in a marine insurance certificate?
Circumstance including possibility of loss or no loss but no possibility of gain is termed as?
Which of the following are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies?
Identify the scenario where a debate on the need for insurance is not required.
