Question

एवरेज क्लॉज इंश्योरेंस कंपनी फेस कंपनसेशन​

Answer 1

Answer:

An average clause in workmen compensation insurance comes into play when the absolute number of employees changes during the term of the policy. The change in the number of employees can be due to the joining of new employees or the exit of old employees once the policy comes into force. Workman compensation is an unnamed insurance policy. This means that individual workers do not need to be named. However, an absolute number of workers needs to be provided. To address the gap in the number of employees (or average income) covered and the actual number of employees, the existing insurer can prorate the sum assured to cover all available employees under this clause.