Question
In July 2024, which organization amended its guidelines
on commissions for long-term motor insurance policies to align them with standard annual policies?Solution
The IRDAI revised its guidelines regarding the commission structure for long-term motor insurance policies, making it consistent with those for standard one-year policies. This adjustment allows insurers to manage commissions within the defined expense management framework, thereby harmonizing long-term and annual policy treatments.
What is the maximum exposure limit to an individual borrower for UCBs with a CRAR of equal to or more than 9% and DTL above â‚ą100 crore?
West Bengal launched the “Shramashree” scheme for migrant workers, offering what monthly stipend?Â
What is the purpose of the open-source project 'Flacon' launched by the National Payments Corporation of India (NPCI)?
In which year were two additional Election Commissioners appointed to the Election Commission of India?Â
The finance ministry has increased the small savings rates for the September quarter of FY 24.Amongst the changes, the small savings rate for the five...
Who has become the first Indian lawyer to receive the 'Medal of Honour' from the World Jurist Association (WJA)?
How many Bio-Input Resource Centres will be set up over the next 3 years to facilitate 1 crore farmers to adopt natural farming?
Recently which firm has signed a MoU with Tamil Nadu Industrial Guidance and Export Promotion Bureau to set up the first semiconductor park in Tamil Nadu?
Which state received approvals for 152 bank-financed projects in FY25?
Following the decision by the Insurance Regulatory and Development Authority of India (IRDAI), what is the revised minimum capital requirement for Forei...
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