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Simple interest for 4 years = 5000 – 4000 = Rs. 1000 Simple interest for 1 year = 1000/4 = Rs. 250 Simple interest for 6 years = 250 × 6 = Rs. 1500 So, required principal amount = 4000 – 1500 = Rs. 2500
In a "hard market," what typically happens to insurance premiums and coverage?
What does IRDA mandate for surveyors handling losses above INR 20,000?
Which of these changes would typically require an endorsement?
Risks for which it is difficult for someone to get insurance is called?
The “Malhotra Committee” was established to:
The 'Own Damage' cover in a motor insurance policy protects the insured against:
Section 64VB requires what action for a policy to be effective?
Which of the following is a central index server that offers de-duplication services and acts as a KYC repository?
A policy that covers the loss of baggage during travel is:
Which of the following is NOT a factor considered by insurers while determining premium rates for motor insurance?
