Question
What is the period between the date of subscription to
an insurance-cum-pension policy and the time at which the first instalment of pension is received?Solution
Deferment period is a time during which a borrower does not have to pay interest or repay the principal on a loan. Deferment period also refers to the period after the issue of a callable security during which the security cannot be called by the issuer.
An adjustable life insurance under which premiums and coverage are adjustable, company’s expenses are not specifically disclosed to the insured but a ...
In case of a motor accident, the first step to be taken by the insured is to:
The 'Insured's Declaration' form is typically filled by:
What is the difference between "reinsurance" and "co-insurance"?
Which of the following is NOT a factor that affects the premium of a motor insurance policy?
Policy that can be cancelled or have the premium s raised by the insurer on a specific anniversary date, subject to certain reasons written into the pol...
The contractual term for the premium in an insurance contract is known as:
As per the Consumer Protection Act, 1986, who cannot be classified as a consumer?
An auto-mobile insurance option, available in some states, that covers the difference between a car’s actual cash value when it is stolen or wrecked a...
Event covered under insured’s policy agreement is called?
