Question
An individual who may become eligible to receive payment
due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known as?Solution
A beneficiary is any person who gains an advantage and/or profits from something. In the financial world, a beneficiary typically refers to someone who is eligible to receive distributions from a trust, will or life insurance policy. Beneficiaries are either named specifically in these documents or have met the stipulations that make them eligible for whatever distribution is specified.
Which bank was recently authorized by RBI to undertake the government business on behalf of RBI?
Funds that a lender collects to pay monthly premiums in mortgage and home owners insurance, and sometimes to pay property taxes is called?
With the implementation of the 'National Green Hydrogen Mission,' India's Green Hydrogen production capacity is likely to reach at least ______ per annum
Who was appointed as the new Chairman of Insurance Regulatory and Development Authority of India (IRDAI) in August 2025?
 Which of the following government increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49%?
The central office of the Life Insurance Corporation of India (LIC) is located at?
Which of the below cannot be an intermediary?
What is the grace period in case of monthly premium payment mode in insurance?
What is the purpose of "mitigation of loss"?
One of the methods of reducing insurance cost of an insured is __________.
