Question
The Payment to the policyholder at the end of the
stipulated term of the policy is called?Solution
Maturity Claim is associated with the Maturity Benefit of the Policy i.e. the claim which arises when the policy matures. It simply means that when the policy completes its tenure, a certain amount of money called Maturity Claim amount is settled towards the life assured.
A company faces a lawsuit for patent infringement. Legal advisors state a 55% probability of losing with damages of ₹50 crore, but range could be ₹4...
A company measures its financial asset at amortised cost. It earns fixed interest and has no intention to sell before maturity. Which Ind AS permits thi...
As per Income Tax Act, Children hostel allowance is exempt upto?
What is the limit of UPI transaction for insurance?
Section 64VA(1) of the Insurance Act specifies a criteria related to sufficiency of assets that every insurer and re-insurer should at all times maintai...
Which one of the following is exempt income?
Which of the following incomes is not chargeable under the head "Income from Business or Profession"?
An interface that allows user to store data in a two-tier architecture is known as _______.
Under SA 240, the auditor’s responsibility relates to identifying and assessing risks of material misstatement due to fraud. If a whistleblower inform...
X Ltd. is committed to supply 24,000 bearings per annum to Y Ltd. on steady basis. It is estimated that it costs 10 paise as inventory holding cost per ...
