Question
The Reserve Bank of India imposed a penalty of ₹1
crore on which bank for offering gifts in the form of paying first-year life insurance premiums?Solution
The RBI imposed a ₹1 crore penalty on HDFC Bank for offering gifts, such as paying first-year life insurance premiums, on certain deposits.
What is the purpose of a deductible in an insurance policy?
What is the purpose of "File and Use" regulations?
The Insurance Ombudsman was established to:
What does ‘Paid Up’ policy means in insurance?
General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from?
Who was the originator of calculating the Human Life Value for the insurance requirement?
All Risks Insurance is commonly used to cover:
A form of life insurance coverage payable to a third party lender/mortgagee upon the death of the insured/mortgagor for loss of loan payments is termed as?
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business ...
A motor insurance cover note is valid for how many days?
Relevant for Exams:
