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Who is the father of crop insurance?
Professor V.M. Dandekar Professor V.M. Dandekar as the ‘father of crop insurance in India’ suggested an alternate ‘Homogenous Area approach’ for crop insu...
18 Jan 2026 6 views
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Is Workers Comp considered taxable income?
Worker’s compensation benefits in California are considered non-taxable income. Workers’ compensation is a public, federally funded benefit designed to he...
18 Jan 2026 4 views
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What is a preferred provider?
A provider who has a contract with your health insurer or plan to provide services to you at a discount. Check your policy to see if you can see all prefe...
18 Jan 2026 4 views
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How do insurance companies operate?
Insurance companies assess the risk and charge premiums for various types of insurance coverage. If an insured event occurs and you suffer damages, the in...
18 Jan 2026 5 views
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What is the maximum amount of bank deposit for insurance coverage?
Rs 5 lakh As per the DICGC guidelines, each depositor in a bank is insured up to a maximum of Rs 5 lakh for both principal and interest amounts held by he...
18 Jan 2026 4 views
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What is the minimum insurance cover?
Explanation: The minimum insurance required by law is third-party cover. This covers your liability to others involved in a collision but not damage to yo...
18 Jan 2026 6 views
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What are layers in reinsurance?
Layer. A horizontal segment of the liability reinsured, e.g., the second $100,000 of a $500,000 liability is the first layer if the ceding company retains...
18 Jan 2026 4 views
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What is universal term life?
Universal life (UL) insurance is a form of permanent life insurance with an investment savings element plus low premiums. The price tag on universal life ...
18 Jan 2026 5 views
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Do insurance policies form part of an estate?
No, it is only part of an Estate if the policy is not left to a beneficiary. Often, people do not list everything they own in their Wills. Life insurance ...
18 Jan 2026 5 views
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What kind of loss is loss of employment due to injury?
Workers’ compensation replaces income that is lost because of a job-related injury or illness. Disability insurance covers income lost due to injuries and...
18 Jan 2026 5 views