Insurance business in India is regulated by …………. A. LIC B. IRDA C. RBI D. SEBI 193. Under …………., the sum assured is given to the beneficiary only on death of policyholder.

Related MCQs

• In …………., the insurer agrees to pay a certain sum of money to the policyholder either on his death or a certain age, which ever is less.
• The amount given to the policyholder due to his inability of paying further premium is called …………..
• The commission given by insurance companies to others for receiving business under reinsurance is called …………………
• The commission earned by insurance companies from others for giving them business under reinsurance is called …………………
• LIC was nationalized in …………..
• Which of the following of an insurance company does not fall under income from investment
• Which of the following transactions of a business is/ are recorded in Journal Proper? (i) Purchase of goods on credit (ii) Sale of Office Furniture for cash (iii) Discounting of Bill of Exchange with a bank (iv) Endorsement of a Bill of Exchange in settlement of debt of the business
• Any income or profit derived by carrying on the business or during the course of business is called-
• If an employee of the business files a legal suit on business, it is considered in the books as
• Only the significant events which affect the business must be recorded as per the principle of