IFFCO TOKIO GENERAL INSURANCE CO LTD

Abbreviations for Licenciate Exams conducted by Insurance Institute of India

Prepaired by YASHWANT KUMAR

IRDA- Insurance Regulatory and Development

Authority

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 - Fixed rate Overnight Repurchase Agreements (

Repo)

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 - Free of particular Average

C.P.Act 1986 - Consumer Protection Act 1986

TPA - Third Party Administration

C.L.(Fire) Policy Consequential Loss (Fire) Policy

ALOP Advance Loss of Profit

J.P.A.Policy Janata Personal Accident Policy

CPM 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 Monopolies and Restrictive Trade Practices Act,

1969

N.O.F Net Owned Funds.

T.R.A.I Telecom Regulatory Authority of India

O.T.C.E.I Over the Counter Exchange of India

F.D.A Food and Drug Administration

F.I.I Foreign Institutional Investor

P.S.U Public Sector Unit

WAN 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 National Association of Software and Services

Companies

NDS Negotiated Dealing System

PLR Prime Lending Rate

CPC 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

CPI 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 All India Council For Technical Education

BIFR 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