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In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
Life Insurance Corporation of India (LIC) is an Indian multinational Central Public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$630 billion) as of March 2024. [ 3 ]
In the United States, driver's licenses are issued by each individual state, territory, and the District of Columbia rather than by the federal government due to federalism. Drivers are normally required to obtain a license from their state of residence. All states of the United States and provinces and territories of Canada recognize each ...
Renewal Employment Authorization Document: the renewal process takes the same amount of time as a first-time application so the noncitizen may have to plan ahead and request the renewal 3 to 4 months before expiration date. Replacement Employment Authorization Document: Replaces a lost, stolen, or mutilated EAD. A replacement Employment ...
Several Native American tribes within the United States register motor vehicles and issue license plates to those vehicles. The legal status of these plates varies by tribe, with some being recognized by the federal government and others not. Some nations issue plates for both tribal and personal vehicles, while others issue plates only for ...
A driving licence is required in Malaysia before a person is allowed to drive a motor vehicle of any description on a road in Malaysia under the Road Transport Act 1987, section 26 (1). Under section 26 (1) of the Road Transport Act, an individual must possess a valid driving licence before being permitted to drive on the road, or can be ...
Life insurance is one of the growing sectors in India since 2000 as Government allowed Private players and FDI up to 26% and recently Cabinet approved a proposal to increase it to 49%. In 1955, mean risk per policy of Indian and foreign life insurers amounted respectively to ₹2,950 & ₹7,859 [1] (worth ₹15 lakh & ₹41 lakh in 2017 prices).
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal ...