Page 272 - Misc Ebook IC 78

The Insurance Times

Q1.a) Describe the various contingencies in which
the compensations/benefit is available to the
insured and the amount thereof under a
Personal Accident Policy issued to an
individual, assuming the sum insured to be
Rs.2,00,000. Also indicate the free additional
benefits there under.

Ans. The following table shows the benefits chart of a policy
whose sum insured is Rs.2,00,000.

Contingencies Amount of compensation
payable

a) Death (a) Rs.2,00,000 (100% of
Capital Sum Insured)

b) Loss of 2 limbs or (b) Rs,2,00,000 (100 %
2 eyes or 1 limb capital sum insured)
and 1 eye.

c) loss of 1 limb or 1 eye (c) Rs. 1,00,000 (50%
capital sum insured)

d) permanent total (d) Rs,2,00,000 (100 %
disablement capital sum insured)

e) permanent partial (e) Percentage as shown in
disablement the table in the policy

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