Question

Deepika has a policy of Accident Guard Plus Protect of 1Crore with Tata AIG General Insurance. She has already claimed Permanent Partial Disability of 40Lacs and a weekly benefit (Temporary Total Disability) of 2,40,000. She again meets with an accident and dies in the same year. Up to what amount is the claim Payable?

Answer 1

Step-by-A claims reserve is the money set aside by insurance companies to pay policyholders who have filed or are expected to file legitimate claims on their policies.

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