Puneet has taken a fire insurance policy for his factory from three insurance companies -LIC RS.4 Lakh; ICICI - Rs 8 Lakh; IDBI-Rs.4 Lakh. Due to fire, he suffered a loss of Rs.16 lakh. In which ratio the compensation will be given by the insurance companies to Puneet?
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Answer:
LIC = 4 lakh
ICICI = 8 lakh
IDBI = 4 lakh
Ratio = 1:2:1
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