Question
Section 64VB requires what action for a policy to be
effective?Solution
Section 64VB of the Insurance Act, 1963, mandates that no contract of insurance shall be valid unless the premium or the first instalment of the premium has been paid.
Contract under which the ultimate liability of the reinsurer is capped and on which anticipated investment income is expressly acknowledged as an underw...
A clause that allows the transfer of rights under a policy from one person to another, usually by means of a written document is called?
A insurer advertises through daily newspaper. What type of marketing is
Who has been nominated by U.S. President Joe Biden to become president of the World Bank?
The 'Own Damage' cover in a motor insurance policy protects the insured against:
Insurance is, thus, a financial tool specially created to reduce the financial impact of unforeseen events and to create______.
The first unit-linked insurance plan (ULIP) was launched by which of these countries?
The Insurance Ombudsman was established to:
________________ is some amount of money will paid before insurance will pay 100% for an individual’s health-care expenses.
The practice of buying or selling of a security by someone who has access to material nonpublic information about the security, is termed as?
