Question
____________ is the ratio of the number of life
insurance policy that lapsed within a given period to the number of policy in Force at the beginning of that period.Solution
Lapse ratio is the number of policies that are that are not renewed compared to the number of policies that were active at the beginning of that same period. The lapse ratio represents the percentage of policies that were not renewed, and thus have lapsed in coverage. Lapsed policies are not the same as canceled policies.
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 __________.
