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  • BST Work 15 TH Oct

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    Prachi Rani
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    Radha purchased a mobile phone insurance policy. Her phone was stolen by her domestic help. She filed an insurance claim. The insurance company must pay the amount of the loss, estimated at 20 lakhs, as per the terms of the insurance policy. Pranav purchased a motor insurance policy with double coverage from Company A and Company B. A theft occurred and electronic items were stolen. He estimated the loss at 50 lakhs and filed claims with both companies. The settlement amount for Company A is 50% of the claimed amount and for Company B is 30% of the claimed amount. The principle of contribution applies here with the insured having right to claim the difference from either company.

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    Bst work 15 th Oct

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    Radha purchased a mobile phone insurance policy. Her phone was stolen by her domestic help. She filed an insurance claim. The insurance company must pay the amount of the loss, estimated at 20 lakhs, as per the terms of the insurance policy. Pranav purchased a motor insurance policy with double coverage from Company A and Company B. A theft occurred and electronic items were stolen. He estimated the loss at 50 lakhs and filed claims with both companies. The settlement amount for Company A is 50% of the claimed amount and for Company B is 30% of the claimed amount. The principle of contribution applies here with the insured having right to claim the difference from either company.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views2 pages

    BST Work 15 TH Oct

    Uploaded by

    Prachi Rani
    Radha purchased a mobile phone insurance policy. Her phone was stolen by her domestic help. She filed an insurance claim. The insurance company must pay the amount of the loss, estimated at 20 lakhs, as per the terms of the insurance policy. Pranav purchased a motor insurance policy with double coverage from Company A and Company B. A theft occurred and electronic items were stolen. He estimated the loss at 50 lakhs and filed claims with both companies. The settlement amount for Company A is 50% of the claimed amount and for Company B is 30% of the claimed amount. The principle of contribution applies here with the insured having right to claim the difference from either company.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Datc

    Page No.

    aa udis oChp HA5


    OAayuah00t hp hice MUud lot 5 010e
    against u . uu "oa dhout auit, a
    w lnk out im the olice and tho ambunt
    Loss nras utimatid e t 2o Lakhs. hhat
    the amount o dain payablh y tho
    MSwMane CmpaMy lm this cau?
    u do lakhw

    Rodha puMchased om inswantu pelity on


    hun molil phsme. dha has adquatil
    CmpiMAako ly the LmpanU the
    mdilh.
    henL, hm h0s Atblan,ätn ih punchads
    oten o , thi molile phma hsas nAeud
    u a em d_demmstic hilp ly the_palic.
    Radha sad khem_dimied th phssession o
    the mdlil amd it was hamdud o Ato
    JunsAance cempany by_the polica.Ldsmtiby
    th ulatid_piuimetpl oinduranu.
    OMA-Buimipli disbnagátin
    n i l punchasrd a mu ce in Kamgalor
    OMd dtidd to kake a doiihle msmahu
    MnAumd
    with' C&mpany A tiouBhou amd wuith
    thAL ty quands, a khrpt octumd m
    k t , amd any Laptens amd thun
    electnnmic gadguts iu AtolM. ha amsumt
    DosA hos Aatinnated. to lu 5o akha.
    A l haA dacido o Ll t _ a cLaim nMh
    Date
    Page No.

    Lmpanu t s.
    oth the mswante
    ach aboue casu
    m Coutext s/_the
    "imk hi n l l e comp NAot
    a)Hous de yeu ihe tws
    o the this caa0
    Loss m y
    m S a nCe cmpanis
    )Calculate th hilati hau { tacho
    the twe Commis m dekttimg tu cla
    dnil. to pat50
    ()m_cade, lomypa w A deuidu
    hous mäuch ammmt be
    hull will uduu pAm (mpDany b2
    .d)Ldemy hi elatid "pumciple insu
    applicoabl mtha o mtas4
    A-0) h mduwwAanLLxGLctid Shau the

    tach khum.
    adAANLd y
    bhe Cuti.liution thasaMds_claam for
    Lmpamy_A =_C X 50 Laklh tgpna
    5 C0e
    he Ceduiution kusanods cdam_
    LmQu B =2cLAL X 50 akh =£3¢gm

    CM tosm tha ewtiu cempmaatiow has


    th Mwned ilht to Cemtact dthn
    MAww Mebas:
    d ncipll Contributm

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