Common use of Method of Assessment and Payment of Claim Clause in Contracts

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 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 will w ill terminate. c) Wherever the Claim paid for a percentage of the Sum Insured the Policy will w ill continue for the remaining period for the balance Sum Insured. d) We will w ill not be liable for any Claims which w hich are incurred from the 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 will w ill not be liable for any Claims which w hich are incurred. f) For policies issued to Non Employer Employee group, the Claim shall be paid to the insured person / claimant only