sum insured was Rs. Three crores, subsequently
increased to Rs. Six crores. On 27.5.2004 the respondent requested
the insurer to increase the sum insured ... said sum was arrived at on the
basis that the sum insured was Rs.12 crores, the actual value of stocks
in the godowns
that was insured with insurer broke
down and could not be started. The spot survey was got
conducted by the insurer and on the advice ... sum insured is less than the amount required
to be insured, the insurer will pay only in such proportion as the
sum insured bears
sum
insured “is less than the amount required to be insured ……. the company
will pay only in such proportion as the sum insured bears ... said sum and contend that the real value was
something different from what was declared by the parties to be the sum
insured
applied,
depreciation has to be calculated on the sum insured of Rs. 80
crores. To support this plea, learned Senior Counsel relied on
Dharmendra Goel ... contended that if
depreciation was not to be calculated on the sum insured, then
the depreciation has to be calculated on the cost
Jasnoor Singh from
2007-2008 to 2013-2014 was for different sum insured, varying
from ... year 2014-2015, the appellant took Family Mediclaim Policy for
a sum insured of Rs.5,00,000/- for the period 07.02.2014 to
06.02.2015, which
basic sum insured under the existing
policy is concerned.
[3] In cases where the insured seeks an
enhancement of the amount of sum insured ... Insured 30 days notice by
registered letter at the insured last known
address and in such event the Company shall
refund to the Insured
behalf of such Insured Person, but not exceeding the Sum
Insured in aggregate mentioned in the schedule hereto.
A) Room, Boarding Expenses as provided ... lacs
5. Pre & post hospitalization e.Maximum 10% of the sum
insured
(N.B: Company's Liability in respect of all claims
admitted
described in
Division E of this article—
(i) for every sum insured not
exceeding Rs. 250; Ten paise. Five paise.
(ii) for every sum insured ... paise.
Rs. 250 but not exceeding Rs. 500;
(iii) for every sum insured exceeding
Rs. 500 but not exceeding Rs. Twenty paise. Ten paise
November 1993.
Digitally signed by
NEELAM GULATI
Date: 2019.03.27
The sum insured was Rs 75,000. The term of the policy was twenty five years ... shall be kept alive to the extent of
the paid-up sum insured, and the paid-up sum insured shall for the
proposes of this
issued by M/s.IFFCO-TOKIO except the sum insured was
Rs.10.00 Crores in case of short-fall in the
aggregate annual power ... letter dated
11.11.2002 issued by the appellant that the sum
insured had to be kept at Rs.5.00 Crores as no
reinsurer was willing
