Question

_________ indicates the level of development of

Q: Answer-_________ indicates the level of development of insurance sector in a country.

Penetration rate indicates the level of development of insurance sector in a country. Penetration rate is measured as the ratio of premium underwritten in a particular year to the GDP.

insurance sector in a country.

A Revenue Rate

B Policy Rate

C Penetration Rate

D Core Rate

E None of these

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