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Insurance

IRDA

As a finance professor, I would like to introduce you to the Insurance Regulatory and Development Authority of India (IRDAI). This governing body serves as the backbone of the insurance industry in India, safeguarding the rights of policyholders and promoting the steady development of this sector. Through its regulatory efforts, the IRDAI ensures the proper functioning and growth of the insurance market in India.

Credit derivatives

A vital aspect of financial management is the use of credit risk transfer contracts. These agreements allow institutions, like banks, to effectively mitigate their credit ri...

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AD&D

Accidental Death and Dismemberment (AD&D) benefits are an important aspect of financial planning. They provide coverage in the event of an accidental death or severe injury...

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Book of business

Insurance companies must have a substantial amount of capital to cover potential claims from policyholders. This is known as the insurer's book value or total amount of insu...

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Robbery

The acquisition of property through force, the threat of force, or violence is known as theft. This illegal act involves taking possession of another person's property witho...

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