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Insurance Current Affairs Insurance Awareness PDF. Insurance Awareness Questions for LIC AAO, UIIC, NIACL, NICL, OICL Hello and welcome to exampundit. As requested by many, today we are sharing the Insurance Awareness PDF for Insurance Exams. Insurance Awareness PDF – For ESIC SSO & NIACL Assistant Exam · taufeedenzanid.cf - September 22, Hello and welcome to exampundit.
And in case of death, the beneficiary gets the full sum assured. They are also called as Non Life Insurances Some examples are property insurance, automobiles insurance, health insurance, theft insurance, etc.
General insurance aims to protect the economic value of your assets.
General Insurance policy Types: Property Insurance: With this type of insurance you can get your house insured. It also insures other valuable properties like Office, Factory etc. Travel Insurance: This insurance covers all the risks which may happen while travelling abroad. You can get it when you are on a family or business trip.
This insurance insures you against any mishap like loss of your luggage, belongings etc. One more point to remember is that , out of all the forms of general insurance, only the Health Insurance comes with tax benefits as per section D of the Income Tax Act , any premium paid for a health insurance plan will qualify for tax deduction from your total income Friends this is it regarding Weekly Insurance Awareness capsule. You can also download this post in pdf from below.
Page 7 of 8 The bill could also help grow Indias reinsurance industry which currently has only one player state-owned General Insurance Corp. The bill would allow GIC to raise funds from public markets.
Insurance Awareness PDF by Exampundit
In addition, the bill could help trigger fresh investments in health insurance. It would recognize health insurance as a separate business, as opposed to the current practice, where health insurance is sold as just another product by general insurance companies.
This change could attract new companies, such as health insurer Aetna Group of the U. The report, carrying dissent notes from four of the 15 members, incorporated Congress partys demand for a composite cap on such investments.
These parties are opposed to further opening of the insurance sector to foreign investment. The Union Cabinet that met late in the evening approved the incorporation of amendments suggested by a Parliamentary select panel in the Insurance Laws Amendment Bill, , sources said.
Following the Cabinets approval, the Bill is expected to come up for consideration and passage in the Rajya Sabha next week.
However, it may not have a smooth sailing in a house where the NDA does not have majority. The Congress party is on board but not keen to pass the Bill in this session before the arrival of U.
The report recommends that the composite cap of 49 per cent be inclusive of all forms of foreign direct investments and foreign portfolio investments. Incremental equity should be ideally used for expansion of capital base so as to actually strengthen the insurance sector, it said. The report also recommended that the composite cap of 49 per cent be inclusive of all forms of foreign direct investments and foreign portfolio investments.
Incremental equity should be ideally used for expansion of capital base so as to actually strengthen the insurance sector, it said, adding that the term control in terms of ownership and control of a company should be defined in the Act itself.
It further recommended that the term control shall include the right to appoint a majority of the directors or to control the management or policy decisions including by virtue of their shareholding or management rights or shareholders agreements or voting agreements.
Page 8 of 8.It is the largest insurance company in India with an estimated asset value of Rs.
Travel Insurance: This insurance covers all the risks which may happen while travelling abroad. Travel Insurance: This insurance covers all the risks which may happen while travelling abroad.
Top Abbreviations in Insurance 2. After certain duration, a portion of sum assured is paid out at regular intervals. GIC Re has its registered office and headquarters in Mumbai.
K Roy Headquarters. You can get it when you are on a family or business trip. You can also download this post in pdf from below.