Reserve Bank of India Deposit Requirements

Life insurance companies are mandated to maintain a sum equivalent to 1% of the total gross premium written in India in any financial year commencing after 31st March 2000, but not exceeding $10$ Crores with the Reserve Bank of India in the form of Cash or approved securities.

General insurance business is required to maintain a sum equivalent to 3% of the total gross premium written in India in any financial year commencing after 31st March 2000, but not exceeding $10$ Crores with the Reserve Bank of India.

Reinsurance companies are required to maintain a flat sum of $20$ Crores with the Reserve Bank of India.

<p>Separate books of account are required to be maintained for each class of business, and separate companies will have to be formed for Life, Non-Life, or Reinsurance, automatically fulfilling this provision.</p> Signup and view all the answers

<p>IRDA has framed Regulations for Financial Statements which provide for forms of Revenue Account, Profit and Loss Account, and Balance Sheet along with the form of Management Report and some of the documents annexed to the financial statements.</p> Signup and view all the answers

<p>'Inter' and 'view' are the two separate terms that make up the word 'interview', meaning seeing each other.</p> Signup and view all the answers

<p>The purpose of an interview is to check the capability of the interviewee in joining the desired post and to analyze their job-related proficiency, abilities, and technicalities.</p> Signup and view all the answers

<p>A structured interview is a formal conversation where recruiters ask predetermined questions, while an unstructured interview is open-ended and free-flowing without predetermined questions.</p> Signup and view all the answers

<p>A traditional one-on-one interview is a professional face-to-face interview that permits direct questions and follow-ups.</p> Signup and view all the answers

<p>The role of an interviewer is to seek answers from the interviewee and to conduct a formal conversation to assess the interviewee's capabilities and job-related skills.</p> Signup and view all the answers