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Showing contexts for: maximum bonus in B.K. Chopra vs Ombudsman Insurance (Delhi And Raj.) ... on 1 May, 2003Matching Fragments
1. The petitioner has been taking 'Medi-claim Policies' from the respondent No. 2 (hereinafter referred to as 'the Insurance Company') from 1988-89. Earlier, the petitioner took Medi-claim Policies under category-III. However, the same was subsequently converted to a Medi-claim Policy under category-I. The difference between category-III and category-I is that under the former the maximum benefit is restricted to Rs. 49,500 (i.e., Rs. 45,000+10% cumulative bonus) whereas, under the latter, the maximum benefit is an enhanced sum of Rs. 2 lakhs. The policy in question is the Medi-claim Policy issued on 17.04.1998 for the period from 17.04.1998 to 16.04.1999.