Question
The first unit-linked insurance plan (ULIP) was launched
by which of these countries?Solution
India was the first one to launch it in the year 1971 by Unit Trust of India. ULIPs are a type of ‘Protection + Savings’ plans. It is a combination of insurance (life insurance) and investment. Here wealth creation is the goal along with life cover  where the insurance company puts a portion of investment towards life insurance and rest into a fund of the insured’s/policyholders’ choice (that is based on equity or debt or both just like in a mutual fund) and matches with individual long-term goals.
Which of the following is considered as a rule of Fair Hearing under Administrative Law?
Upon complete liquidation of the assets of a corporate debtor, to which authority should the liquidator make an application for the dissolution of the c...
Which of the following can be included as a property of the partnership firm?
The issuance of sweat equity shares in the Company shall____________, of the paid -up equity capital of the Company at any time
Where a minor has entered into a contract for purchase of necessary items. In such cases:Â
Under The Specific Relief Act, 1963, any person having the possession or control of a particular article of movable property, of which he is not the own...
To whom can the Board delegate powers and functions for proper discharge of its duties?
According to Indian Partnership Act, 1932 According to the law, what rights does a minor have when admitted to the benefits of partnership in a firm?
How can a continuing guarantee be revoked by the surety?
 According to Section 183 of the BNSS, 2023, who is authorized to record confessions of accused persons, and what must occur before recording?
