Where the assured is over-
insured by double insurance, each insurer is bound, as
between himself and the other insurers, to contribute
ratably ... receive two sums instead of one, or the same sum twice over, for the
same loss, by reason of having made two insurances upon
Insured :
44. In all cases where the insurers cancel the policy, the refund
will be on pro-rata basis.
11. Mid-term revision in sum ... insurer, description of the movable and immovable property
and the interest therein, location of the property insured under the
policy, the period of insurance, sums
paid Rs.522/- per acre as
premium for the sum insured of Rs.5,000/- per acre and, as such,
respondents ... paid Rs.1044/- each for the sum insured of Rs.10,000/-
per two acres. At the time of getting insurance, the respondent
individual
employee and the coverage, premium etc. was as per the sum insured
opted by the retired employee at the time of retirement ... years and then information was sought as to what was the
sum insured for each and every year and the detailed premium
computation worksheet
Gupta
deposited a sum of Rs.2,50,000/-, which was considered to be the Capital Sum
Insured. On this amount, the cumulative bonus, which ... sum of Rs.2,75,000/-. Again Sh. R. M. Gupta
(now deceased) deposited a sum of Rs.2,50,000/- as Capital Sum Insured
loss would be about Rs.1,25,00,000/- against sum insured
of Rs.1,20,00,000/-.
16. We do not agree with this ... date of loss, which was much below than the sum insured
Rs.1,20,00,000/-, so there was no necessity of coming
Insurance
Company Ltd. (Policy No-100300/42/04/8200012 for an insured sum of
Rs.2,00,000/- covering the period from ... which the capital sum becomes
payable but amount of such increase shall not exceed 50% of the capital sum
insured.
18. From the certificate issued
been
directed to pay Rs.3,00,000/- which was sum insured under the
"Happy Family Floater Policy" purchased by the complainant, along ... Company and suitable endorsement passed on the
policy. Similarly if the sum insured is enhanced subsequent
to the inception of the policy, the exclusions
settle the claim of `1,00,000/- on account of basic sum insured under the policy.
(2)
The
case in brief is that the Appellant ... Indemnity
Insurance Policy for a period from 01.04.2002 to 31.03.2003 for insured sum of `2,51,00,000/- issued by the Opponent Insurance Company
insured then the Company
shall pay to the assignee the Capital Sum Insured stated in the
Schedule hereto.
II. Standard cover :
If at any time ... description, whatsoever,
then a Lump Sum equal to hundred percent (100%) of the
Capital Sum Insured.
III. Comprehensive Cover :
If the insured sustain any bodily
