PDF4PRO ⚡AMP

Modern search engine that looking for books and documents around the web

Example: biology

CLAIMS AND SETTLEMENT

MODULE - 3 Practice of Life InsuranceNotes 103 CLAIMS and SettlementDIPLOMA IN INSURANCE INTRODUCTIONThe Insurance Policy is taken by the consumers to compensatethem in the event of happening of an unforeseen event. It is ahedge against unavoidable circumstances. In generalinsurance the loss is payable only on happening of somespecific event. If the insured does not suffer any loss no claimis paid to him. The premium is charged on yearly basis andno accumulation takes place. However the scenario is differentin case of life insurance. If the insured dies during the policyperiod he gets the sum assured along with the bonus accruedunder the policy if any. If the insured survives the policy periodhe gets the maturity amount accrued under the policy.

insurance the loss is payable only on happening of some specific event. If the insured does not suffer any loss no claim is paid to him. The premium is charged on yearly basis and no accumulation takes place. However the scenario is different in case of life insurance. If the insured dies during the policy

Loading..

Tags:

  Claim, Loss, Settlement, Payable, Claims and settlement

Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Spam in document Broken preview Other abuse

Transcription of CLAIMS AND SETTLEMENT

Related search queries