Page 159 - Misc Ebook IC 78
P. 159
Miscellaneous Insurance
payable under the 08-09 policy which is
the renewal of the 07-08 policy without
any break.
Ans. Policy period - 1.4.07 to 31.3.08
Each Act of Dishonesty - Rs.30,000
Cost of total dishonesty - Rs.1,50,000
Number of Acts - 1,50,000 = 5
30,000
Excess per Act - Rs. 15,000
Total Excess - Rs. 45,000
Total Claim payable - Rs. 1,50,000 - Rs. 45,000
= Rs. 1,05,000
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