4 Apr 2018
Bancassurance means selling insurance product through banks. Banks and insurance company come up in a partnership wherein the bank sells the tied insurance company's insurance products to its clients.
Bancassurance arrangement benefits both the firms. On the one hand, the bank earns fee amount (non interest income) from the insu.... more
Finance feed by:
RK & Associates
CA Firm •
100% (2 votes) •
15 Year 9 Month experience
CA Firm •
100% (2 votes) •
15 Year 9 Month experience
Bancassurance arrangement benefits both the firms. On the one hand, the bank earns fee amount (non interest income) from the insu.... more
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3 Apr 2018
For the purpose of taxation, a property is assessed. This ascertained price is known as assessed value.
This assessment is done at an annual basis, considering factors such as property values and market conditions in the neighboring areas. Governmental agencies like Municipal Corporation conduct this assessment for measuring applicability of.... more
Finance feed by:
CA Amarendra Agarwal
B.com (Hons),CA
CA in Practice • 26 Year 7 Month experience
B.com (Hons),CA
CA in Practice • 26 Year 7 Month experience
This assessment is done at an annual basis, considering factors such as property values and market conditions in the neighboring areas. Governmental agencies like Municipal Corporation conduct this assessment for measuring applicability of.... more
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3 Apr 2018
A person with expertise in the fields of economics, statistics and mathematics, who helps in risk assessment and estimation of premiums etc for an insurance business, is called an actuary.
Actuaries play a crucial role in the operation and profitability of any insurance business. They help the firm with their expertise in calculation.... more
Finance feed by:
CA Vikas Agrawal
M.com,CA
CA in Practice • 17 Year 2 Month experience
M.com,CA
CA in Practice • 17 Year 2 Month experience
Actuaries play a crucial role in the operation and profitability of any insurance business. They help the firm with their expertise in calculation.... more
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2 Apr 2018
A valuation of the damaged property, i.e. its monetary worth at market value immediately preceding the occurrence of the loss, is called actual cash value of the property. It gives the estimate of the cost of replacement or repair of the damaged asset.
This helps in estimating the extent to which the insurer is liable to pay for the .... more
Finance feed by:
CA Akash Agarwal
B.com (Hons),CA
CA in Practice • 100% (2 votes) •
14 Year 4 Month experience
B.com (Hons),CA
CA in Practice •
100% (2 votes) •
14 Year 4 Month experience
This helps in estimating the extent to which the insurer is liable to pay for the .... more
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2 Apr 2018
Motor third-party insurance or third-party liability cover, which is sometimes also referred to as the 'act only' cover, is a statutory requirement under the Motor Vehicles Act.
It is referred to as a 'third-party' cover since the beneficiary of the policy is someone other than the two parties involved in the cont.... more
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CA Abhishek Sinha
M.com,CA,CS
CA in Practice • 16 Year 7 Month experience
M.com,CA,CS
CA in Practice • 16 Year 7 Month experience
It is referred to as a 'third-party' cover since the beneficiary of the policy is someone other than the two parties involved in the cont.... more
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