Page 202 - Misc Ebook IC 78

The Insurance Times

Coverage - If at any time during the currency of
the policy, the insured shall sustain any bodily injury
resulting solely and directly from accident caused
by external violent and visible means, then the
company shall pay the sum set forth for specific
contingencies like death, or disablement.

The sum insured may be fixed separately for each insured
person or may be linked to emoluments payable to the
insured person.

The premium is calculated on the wages and salaries
paid by the employer to the insured persons.

The employer has to maintain an accurate record of
all such payments and has to show them to the insurer
if need be.

The sum insured can be increased with proportionate
increase in premium. The rate of premium depends
on the risk exposure of a person based on his
profession.

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