Page 378 - Misc Ebook IC 78

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manager is less exposed to risks at work than a civil
engineer working at the construction site. It is not
practical to fix a rate for each profession or occupation.
Hence, occupations are classified into groups, each group
reflecting, more or less, similar risk exposure. The system
of classification is simple and workable in practice. So,
an insured should always inform a change in occupation
and the insured should always advice him properly to
chose the correct type of necessary cover.

Q1.d) What are the particulars of the family
package cover in the Personal Accident
Insurance ?

Ans. A Family Package Cover in PA may be granted on the
following pattern:
(i) Earning Members (persons insured) and spouse, if
earning- 100% of the capital sum insured for each.
(ii) spouse, if not earning- 50% of the capital sum
insured or Rs 1 lac whichever is lower.
(iii) Children between the age of 5yrs &25 yrs- 25% of
the capital sum insured or Rs 50,000 whichever is
lower per child.

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