Page 268 - Misc Ebook IC 78
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The Insurance Times
Compensation = 3,600 x 5 = Rs. 18,000
PPD = 7.5%
Compensation = Rs.27,000
Total amount of claim payable = Rs. 45,000
(i) A Floater Fidelity Guarantee Policy is issued for a sum
of Rs.50 lacs covering 50 employees.
Q10.c) A fraud of Rs.6 lacs was committed by 3 of
the employees in collusion. What would be
the amount of claim payable?
Ans. Sum insured = Rs. 50 lacs
Number of employees covered = 50
Fraud amount = Rs. 6 lacs
Number of fraud employees = 3
Amount of claim payable = Rs. 6 lacs
Q10.d) A money policy was issued where the limit
par carrying was 30 lacs and the estimated
annual carrying was 3 crores. Insured sent 2
employees to get Rs.40 lacs from the bank
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