Insurance Abbreviations 4c1r2c

IFFCO TOKIO GENERAL INSURANCE CO LTD Abbreviations for Licenciate Exams conducted by Insurance Institute of India Prepaired by YASHWANT KUMAR

IRDAAuthority

Insurance Regulatory and Development

NCLT -

National Company Law Tribunal

CIF -

Cost ,Insurance & Freight

ITC -

Institute Time Clause

NPA -

Non Performing Assets.

SRCC -

Strike Riots & Civil Commotion

ESI ACT 1948

Employee State Insurance Act 1948

ALM-

Asset Liability Management

MODU -

Mobile Offshore Drilling Unit

IRA -

Insurance Regulatory Authority

EED -

Energy Explosion Development

RBI -

Reserve Bank of India

REPO Repo)

Fixed rate Overnight Repurchase Agreements (

IAR Policy -

Industrial all-risk Policy

SDRs -

Special Drawing Rights

GDP -

Gross Domestic Product

POTA -

Prevention of Terrorism Act, 2002

FEMA -

Foreign Exchange Management Act

FPA C.P.Act 1986 TPA -

Free of particular Average Consumer Protection Act 1986 Third Party istration

C.L.(Fire) Policy ALOP

Consequential Loss (Fire) Policy Advance Loss of Profit

J.P.A.Policy

Janata Personal Accident Policy

M Policy

Contractor Plant and Machinery Policy

A and C Act 1996

Arbitration and Conciliation Act

LPA

loss prevention association

T.P.N.D

Theft pilferage non delivery

I.C.C

Institute Cargo Clauses

Eq.F.Sh.

Equity Fund Share

T.L.O

Total loss only

WPI

Whole seller Price Index

NCAER

National Council of Applied Economic Research

A.D.R

ASSOCIATION FOR DEMOCRATIC REFORMS

B.P.O

Business Process Outsourcing

C.R.R

Cash Reserve Ratio

G.AT.T.

General Agreement and Tariff & Trade

M.R.T.P 1969

Monopolies and Restrictive Trade Practices Act,

N.O.F

Net Owned Funds.

T.R.A.I

Telecom Regulatory Authority of India

O.T.C.E.I F.D.A F.I.I P.S.U WAN

Over the Counter Exchange of India Food and Drug istration Foreign Institutional Investor Public Sector Unit Wide Area Network

NCLT

National Company Law Tribunal

TRIMS

Trade Related Investment Measures

COPA

Consumer Protection Act

NSDL

National Security Depository Ltd

C-Dot

Center for Development of telematics

MTO

Mineral Turpentine Oil

SEBI

Security Exchange Beuro of India

MACT

Motor Accidental Claims & tribunal

HDFC

Housing Development Finance Corporation

NAV

Net Asset Value

NASSCOM Companies

National Association of Software and Services

NDS

Negotiated Dealing System

PLR

Prime Lending Rate

C

Code of Civil Procedure

CRISIL

Credit Rating Information Services of India Ltd

IPO

Initial Public Offer

SEZ

Special Economic Zone

IFA

Independent Financial Advisors

OBU

OFF SHORE BANKING UNIT

VAT

Value Added Tax

I

Consumer Price Index

SICA

Sick Industrial Companies (Special Provision) act

NEER

Nominal Effective Exchange Rate

REER

Real Effective Exchange Rate

GIPSA

General Insurance Public Sector Association

WTO

World Trade Organisation

NTPC

National Thermal Power Corp.

DTI

Deptt. Of Trade & Industries

AICTE BIFR

All India Council For Technical Education Board for Industrial and Financial Reconstruction

FDI

Foreign Direct Investment

GNP

Gross National Product

LAN

Local Area Network

NBFC

Non Banking Finance Co.

WEF

World Economic Forum

PLI

Public Liability Insurance

EEI

Electronic Equipment Insurance

SCE

Storage Cum Erection