Correct Answer : Mumbai
Mumbai, Maharashtra
Correct Answer : Nepal
Correct Answer : Commission
Correct Answer : Standard Life Aberdeen
HDFC Life Insurance Company, one of the top insurance companies in India is a joint venture between HDFC Ltd, leading housing finance institution in India and Standard Life Aberdeen, a global investment company.
Correct Answer : Age and income
Correct Answer : Conditional Contract
A conditional contract is an agreement or contract conditional upon a specific event, the occurrence of which, at the date of the agreement, is uncertain.
Correct Answer : Aggregate Limits
An aggregate limit is the maximum dollar amount your insurer will pay to settle your claims.
Correct Answer : Actuarial Cost Assumptions
Loss Ratio in insurance is the ratio of total amount paid out in claims plus adjustment expenses divided by the total earned premiums.
Correct Answer : Collateral Assignment
A collateral assignment of life insurance is a conditional assignment appointing a lender as the primary beneficiary of a death benefit to use as collateral for a loan.
Correct Answer : Paid-up value
Paid up value is the reduced amount of sum assured paid by the insurer in case of discontinuation of the payment of premiums.
