Page 311 - Misc Ebook IC 78
P. 311
Miscellaneous Insurance
that the claim is admissible and the value of
property at risk at risk was totally
Rs.30,00,000. What is the amount of claim
payable?
Ans. Sum insured = Rs.40,00,000
Amount of loss occurred = Rs.30,000
Value of risk as per surveyor = Rs. 3,00,000
So, the amount of claim payable = Rs.30,000
Q10.c) A cashier covered under collective Fidelity
Guarantee Policy commits a fraud of
Rs.30,000.
He was insured for Rs.50,000 sum insured. The
claim was duly settled. In the same policy year
the cashier committed another dishonest act and
a loss of Rs.40,000 to his employer. What would
be the amount payable under the policy in this
case?
Ans. Sum Insured = Rs.50,000
Fraud amount = Rs.30,000
Claim paid = Rs. 30,000
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