Page 310 - Misc Ebook IC 78

The Insurance Times

of collective policy and a floating policy. An
employer may safeguard himself against the
unseen loss by having a floating guarantee for
any loss in excess of the individual amounts set
out in the schedule.

Q10.a) A claim is lodged under Personal Accident

under a sum insured of Rs.2,00,000 and a

cumulative bonus of Rs.2,000. It pertains to

loss of hearing of both ears due to an accident.

The claim is found to be admissible. What

would be the amount payable?

Ans. Sum insured = Rs.2,00,000

Cumulative bonus = Rs.2,000

Total Sum insured = Rs. 2,20,000

75 % payable in case of loss of hearing in both ears =

So, claim payable = Rs.165000/-

Q10.b) A Burglary Policy is issued for a sum insured
of Rs.40,000,00. A claim occurs there under
of Rs.30,000. The Surveyor's report states

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