Page 228 - Misc Ebook IC 78

The Insurance Times

Q.b) A Personal Accident Policy is issued for a SI
of Rs.3,00,000. As a result of an accident, the
Insured is totally disabled for 7 weeks. The
doctor also certified that the Insured also
suffered a permanent disability of 5%. What
is the amount of claim payable?

Ans.b) Sum Insured = Rs. 3,00,000
Permanent disability percentage = 5%
So, compensation = Rs.15,000
Weekly compensation = Rs.3,000
Number of weeks = 7
So total weekly compensation = Rs. 21,000
Hence total claim payable = Rs.36,000

Q.c) A money policy is issued with a par carrying
limit of Rs.10,00,000 and the estimated
annual carrying limit is Rs.1,50,00,000. One
day the insured required Rs.12,00,000 and
sent a man to withdraw that amount of cash
from bank. Unfortunately on the way back,

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