Page 229 - Misc Ebook IC 78
P. 229
Miscellaneous Insurance
the money was looted. What is the amount of
claim payable ? Incidentally till the date of
loss, the total amount carried in the policy
period exceeded Rs.2 crores.
Ans.c) Par carrying limit = Rs.10,00,000
Annual carrying limit = Rs.1,50,00,000
Amount lost = Rs.12,00,000,
Annual carrying limit till the date of loss = 2,00,00,000
So claim payable = Rs. 10,00,000 less the extra premium
(to be charged as annual carrying limit exceeded
Rs.1,50,00,000.
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