Question
Risks that affect simultaneously a great number of
policyholders is called?Solution
Covariant risk arises when many farms/households in one area are adversely affected by a single phenomenon such as a natural disaster, epidemic, unexpected change in world prices, macroeconomic crisis or civil conflict.
What does the preamble of an insurance policy NOT typically include?
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
How many insurance companies were merged to form the Life Insurance Corporation of India?
What is the purpose of a declaration policy?
In which year all shares of Oriental Insurance Company Ltd. held by the General Insurance Corporation of India were transferred to the Central government?
The General Insurance Corporation of India was incorporated as a company in which year?
Which of the following is not one of the stages in product life cycle?
Third-Party Administrators (TPAs) are primarily involved in:
What is the primary purpose of reinsurance?
Which among these is not a type of General Insurance plans?
I. Motor Insurance
II. Marine Insurance
III. Health Insurance
