Page 176 - Misc Ebook IC 78

The Insurance Times

follows:
(i) Loss or damage to the insured property whilst the

same is being worked upon, or directly resulting from
any process of cleaning, repairing or restoring.

(ii) Shortage noticed at the time of stock taking.

(iii) Loss or damage to the insured property whilst the
same is at any public exhibition.

(iv) Theft or disappearance from vehicles owned by or
under the control of the insured, whilst such vehicles
are left unattended.

(v) Loss or damage caused by or arising from
depreciation, wear and tear, vermin and mildew.

(vi) Theft or dishonesty of insured's family members,
employees, brokers or customers.

Q6. Write short notes on the following:

Ans.
(A) Bonus/Malus concept in Mediclaim - under a Group

Mediclaim Policy, a low claim ratio discount is allowed
on the total premium at renewal, depending upon the
incurred claims ratio for the entire group insured under

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