Method of Assessment and Payment of Claim Clause Samples
Method of Assessment and Payment of Claim a) All Claims will be payable in India and in Indian rupees.
b) Once a Claim has been paid in respect of any of the Insured Persons for the full Sum Insured the Policy will terminate.
c) Wherever the Claim paid for a percentage of the Sum Insured the Policy will continue for the remaining period for the balance Sum Insured.
d) We will not be liable for any Claims which are incurred from the due date of installment till the date and time of revival of the Policy.
e) Due to non- disclosure of any material change in the policy, We will not be liable for any Claims which are incurred.
f) For policies issued to Non Employer Employee group, the Claim shall be paid to the insured person / claimant only
Method of Assessment and Payment of Claim a. All claims will be payable in India and in Indian rupees.
b. Once a claim has been paid in respect of any of the Insured Persons for the full Sum Insured the Policy will terminate. Page 9; Kotak Mahindra General Insurance Company Ltd; Kotak Group Accident Care UIN: IRDAI/HLT/KMGI/P-P/V.I/15/16-17; Policy Wording
c. Wherever the claim paid for a percentage of the Sum Insured the Policy will continue for the remaining period for the balance Sum Insured.
d. We will not be liable for any claims which are incurred from the due date of installment till the date and time of revival of the Policy.
e. Due to non disclosure of any material change in the policy, We will not be liable for any claims which are incurred.
f. For policies issued to Non Employer Employee group, the claim shall be paid to the insured person / claimant only
Method of Assessment and Payment of Claim. For a Policy with Policy Period greater than one year, the Sum Insured considered for assessment of claim shall be the Sum Insured mentioned against the Policy Year of the occurrence of the Accident. In the event that a claim becomes payable under the terms of the Policy, We shall make such payment in a lump sum amount to the Insured Person/ Policyholder.
Method of Assessment and Payment of Claim a) All Claims w ill be payable in India and in Indian rupees.
b) Once a Claim has been paid in respect of any of the Insured Persons for the full Sum Insured the Policy w ill terminate.
c) Wherever the Claim paid for a percentage of the Sum Insured the Policy w ill continue for the remaining period for the balance Sum Insured.
d) We w ill not be liable for any Claims w hich are incurred fromthe due date of installment till the date and time of revival of the Policy.
e) Due to non- disclosure of any material change in the policy, We w ill not be liable for any Claims w hich are incurred.
f) For policies issued to Non Employer Employee group, the Claim shall be paid to the insured person / claimant only Page 13 of 17 Kotak Mahindra General Insurance Company Ltd. Kotak Group Accident Protect – Micro Insurance UIN: KOTPMGP22116V022122
Method of Assessment and Payment of Claim a. All claims will be payable in India and in Indian rupees.
b. Once a claim has been paid in respect of any of the Insured Persons for the full Sum Insured the Policy will terminate.
c. Wherever the claim paid for a percentage of the Sum Insured the Policy will continue for the remaining period for the balance Sum Insured.
d. We will not be liable for any claims which are incurred from the due date of installment till the date and time of revival of the Policy.
e. Due to non disclosure of any material change in the policy, We will not be liable for any claims which are incurred.
f. For policies issued to Non Employer Employee group, the claim shall be paid to the insured person / claimant only