insured for Rs.52,00,000/-, for Burglary and
Robbery sum insured is Rs.53,00,000/-, for money the sum insured ... public liability the sum insured is Rs.10,000/-. Thus
total sum insured is Rs.1,06,10,000/-.
11. The complainant pleaded that
which established that there was insufficient balance or exhaustion of the sum insured at the time of dispatch of the lost consignment.
(c) The goods ... insured sum. Upon Investigation, the report of CA regarding verification of utilized premium revealed insufficient balance of sum insured, at the time of dispatch
occupation of any description whatsoever a sum at the rate of one percent ( 1% ) of the capital sum insured stated in the schedule herein ... occupation of any description whatsoever a sum at the rate of one percent ( 1% ) of the capital sum insured stated in the schedule herein
Basic Sum Insured'- : Rs. 6QOOOO/r Cltem A- to H.) (Six loo only> .
A.dditioxifd>Suzn Insured on premises ... under
additional.sum insured .'onpremises*,.'. [ ■ '
Basic sum insuited i?$w sum insured of item A to H jjf the pelicy.
' Additional
insurer for hiring or availing its services. It is the
premium paid by the insured to the insurer and not the extent of the
sum ... means that the insured has taken out an insurance policy
in which he has valued the insured items for a sum which is less
than
sum insured is less than the amount required to be insured, the
insurer will pay only in such proportion as the sum insured bears ... means
that the insured has taken out an insurance policy in which he has valued
the insured items for a sum which is less than
sum insured was Rs.5 lakhs. Under the policy, in case of accidental death, the insured is entitled for 100% insured value and in case ... insured is entitled for 50% of the sum insured. In March, 2003, the Petitioner had also purchased second policy from the same Insurance Company
sum insured is less than the amount required to be insured, the
insurer will pay only in such proportion as the sum insured bears ... means
that the insured has taken out an insurance policy in which he has valued
the insured items for a sum which is less than
Insurer as well Insured. At one place when it is the duty of Insured to keep adequate balance of sum insured in the policy before ... routine and on 29.09.2008 sum assured was enhanced by Rs. 40 Crores then again on 19.11.2008 sum insured was enhanced by Rs. 40 Crores then
obtain the "Whole Life Participating
Policy" for the sum insured Rs. 50,00,000/-. That the signature of the
complainant was obtained ... Premium mode: Quarterly
(I) Duration of coverage: to age 100
(J) Sum insured: 50,00,000/- bonus
(K) Model Premium
