Ratio of profit share of ‘A’ and ‘B’ = (7200 × 5):(3600 × 12) = 5:6 Total profit earned by ‘B’ = (6/11) × 12100 = Rs. 6600
The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
What percent shares of New India Assurance Co Ltd is owned by Government of India?
The Payment to the policyholder at the end of the stipulated term of the policy is called?
The maturity age of a whole life policy is?
If a policy holder stops paying the premium after three years, but does not withdraw the money from his policy, then the policy is said to be?
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business ...
When a demand is made by insured for payment of the benefits is called as?
Which section of the Indian Insurance Act 1938 provides for nomination of a person?
_____ is the length of time after a premium is due and unpaid during which the policy, including all riders, remains in force.
_________ indicates the level of development of insurance sector in a country.
