Question
A method of permitting the final premium for a risk to
be adjusted, subject to an agreed-upon maximum and minimum limit based on actual loss experience is called?Solution
Retrospective rating is an insurance pricing method in which the premium is directly affected by losses that occur during the policy period. The insured pays a provisional premium based on projected losses. Retrospective rating is commonly used in workers compensation insurance.
Which private bank raised ₹3,925 crore through infrastructure bonds in FY25?
How many international cruise terminals are planned under the Cruise Bharat Mission by Phase-3?
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The world's first floating city, which will be built off the coast of _______, is likely to be completed as early as 2025.
Which nation declared a State of Emergency in response to riots sparked by a pay dispute?
Which company received an in-principle Payment Aggregator licence from RBI in August 2025?
According to the data released by the National Statistical Office (NSO), Consumer Price Index-based inflation rate rose to a three-month high at ___.
What is the last date for Pakistani nationals with valid endorsements to leave India after the April 2025 suspension of the Indus pact?
Where is the Salkhan Fossil Park, recently added to UNESCO’s Tentative List, located?
Which of the following Investment Authority buys 20% stake in IIFL Home Finance for Rs 2,200 crores?
