Section 74 Compensation for breach of contract where penalty stipulated for: When a contract has been broken, if a sum is named in the contract as the amount to be paid in case of such breach, or if the contract contains any other stipulation by way of penalty, the party complaining of the breach is entitled, whether or not actual damage or loss is proved to have been caused thereby, to receive from the party who has broken the contract reasonable compensation not exceeding the amount so named or, as the case may be, the penalty stipulated for.
Name the first General Insurance Company in India?
CSR in companies act means?
The central office of the Life Insurance Corporation of India (LIC) is located at?
Under which type of plans, the sum assured is paid at the end of the term as maturity or on the death of the insured during the term of the policy?
Insurance companies that band together as self-insurers and form an organization that is chartered and licensed as an insurer in at least one state to h...
Consider the following statement:
I. NCB is given to the insured and not to the insured vehicle.
II. On transfer of the vehicle, the ...
A missing person is considered to be dead after how many years of missing ?
A demand made by the insured, or the insured’s beneficiary, for payment of the benefits is known as?
Which act was the first legislation governing all forms of insurance to provide strict state control over insurance business?
Which is not a General Insurance company?
