Page 323 - Misc Ebook IC 78

Miscellaneous Insurance

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

d) permanent total (d) Rs,1,00,000 (100 % capital
disablement sum insured)

e) permanent (e) Percentage as shown in

partial disablement the table in the policy

f) temporary total (f) weekly payment of Rs.
disablement 1000 (1% of Capital sum
insured) up to maximum of
100 weeks. The limit of the
weekly payment is
restricted upto maximum
Rs.3000.

Q1.c) How do we classify the Groups for the
purpose of computing the premiums?

Ans. Risks are classified into three groups on the basis
of occupation for the purpose of rating. They are:
(i) Risk Group I - Accountants, Doctors, Lawyers,
Architects, Consulting Engineers, Teachers,
Bankers, Persons engaged in administrative

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