Question
What is the term used in insurance in which the ratio of
premium underwritten in a particular year to the GDP.Solution
Penetration rate is measured as the ratio of premium underwritten in a particular year to the GDP.
What is the purpose of "excess" in an insurance policy?
An excess is another word for:
In 1818, India’s first insurance company Oriental Life Insurance Company was established in which city?
Which of the following is NOT a conventional classification of general insurance under the Insurance Act, 1938?
Which of the following is NOT a key step in the underwriting process?
A policy that covers the cost of repairing or replacing plate glass is:
Which type of policy is offered by an insurer for covering jewellery?
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called?
A single insurance policy that combines several coverage previously sold separately is termed as?
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
