Page 90 - Misc Ebook IC 78
P. 90
The Insurance Times
f) Registered Postal Sendings - it covers loss
by robbery, theft or by other causes not excluded
whilst in transit, or intended to be dispatched by
registered insured post from the insured's office
(provided they were insured individually with the
post office).
The liability of the insurer for any consignment
is limited to 10% of the basic sum insured, or
Rs. 50,000 whichever is less.
g) Appraisers - it covers loss due to infidelity or
criminal acts by the appraisers who are on the
approved list of the insured bank and provided
the bank exercises reasonable precautions and
safeguards in the selection and appointment of
such appraisers.
The liability of the insurer is limited to 5% of the
basic sum insured or Rs 25,000 whichever is less.
h) Janata agents - it covers loss due to infidelity
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