Page 56 - Insurance Times JUNE 2022

Glossary Do you think the idea of digital insurance
Poll companies will further boost insurance
penetration

Yes Results of Poll in our May 2022 Issue
No Do you think Insurance Industry is poised for a
2nd phase of reforms under new IRDAI
Can’t say chairman?

Poll Contest, The Insurance Times Yes 50
Underwriting Risk 25/1, Baranashi Ghosh Street, Kolkata - 700 007 No 50
Phone : 2269 6035, 2218 4184, 4007 8428
Section of the risk-based capital formula Can’t say 00
Email: insurance.kolkata@gmail.com
calculating requirements for reserves and
premiums.

Unearned Premium Subscribe
Amount of premium for which payment
has been made by the policyholder but our
coverage has not yet been provided.
YouTube Channel
Unearned Premium Reserve
All premiums (fees) received for coverage
extending beyond the statement date; www.youtube/bimabazaar
appears as a liability on the balance sheet.

for latest updates
Universal Life Insurance
Adjustable life insurance under which
premiums and coverage are adjustable,
Like our Facebook Page
company expenses are not specifically
disclosed to the insured but a financial
www.facebook.com/bimabazaar
report is provided to policyholder's
annually.

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56 The Insurance Times, June 2022