WPC Full Form in Insurance
WPC Full Form in Insurance: The WPC Full Form in Insurance stands for With-Profits Committee. In the context of managing with-profits insurance funds, achieving a balance between profitability and protecting the interests of policyholders is crucial. One of the key…
BPS Full Form in the Share Market
In the share market, the BPS full form is Basis Point. A basis point is a unit of measurement used to represent changes in the interest rate of financial instruments. It is often abbreviated as bp, bps, or bips. Key…
What is IDV (Insured Declared Value) in Insurance?
The full form of IDV in insurance stands for Insured Declared Value. It represents the maximum amount your insurance company will pay if your vehicle is either stolen or completely damaged beyond repair. Understanding IDV is crucial for both insurers…
GWP Full Form in Insurance
GWP Full Form in Insurance: In insurance, Gross Written Premium (GWP) refers to the total premium income an insurance company earns before deducting any reinsurance costs or commissions. It represents the full amount collected from policyholders for their insurance coverage…
OPD Full Form in Insurance
OPD Full Form in Insurance: The full form of OPD in insurance is Outpatient Department coverage. This refers to the part of your insurance plan that reimburses you for expenses incurred when visiting a doctor or clinic without needing to…
NII Full Form in the Share Market
NII Full Form in the Share Market: In the context of the stock market, NII stands for Non-Institutional Bidder. When individuals subscribe to an Initial Public Offering (IPO), they are essentially placing bids for shares of a company, though it’s…