Get Started with ixamBee
Start learning 50% faster. Sign in now
According to the question, Total value of the property of Ravi, Sanjay, and Deepak = 75 × 3 = Rs. 225 lacs Let the value of the property of Sanjay = Rs. x lacs The value of the property of Ravi = Rs. (x – 20) lacs The value of the property of Deepak = Rs. (x – 20 + 10) lacs x + x – 20 + x – 10 = 225 3x – 30 = 225 3x = 225 + 30 3x = 255 x = Rs. 85 lacs The value of the property of Deepak = 85 – 10 = Rs. 75 lacs
What is the primary function of a reinsurer?
Percentage of each premium rupee that goes to insurers expenses including overhead, marketing and commissions is called ____.
Which of the following is NOT a factor considered by insurers while determining premium rates for motor insurance?
What is the purpose of "mitigation of loss"?
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
Which of the following is NOT a conventional classification of general insurance under the Insurance Act, 1938?
The role of a risk engineer in the insurance process is to:
Agriculture Insurance Company of India Limited was incorporated with an authorised share capital of INR ______ billion.
Which of the following institution was setup with the objective of promoting exports from the country by providing credit risk insurance and related ser...
What is a life insurance policy that remains in force for the policyholder’s lifetime?
