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. 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. a. a) All claims Claims will be payable in India and in Indian rupees. b. b) Once a claim Claim has been paid in respect of any of the Insured Persons for the full Sum Insured the Policy will terminate. Page 98; Kotak Mahindra General Insurance Company Ltd; Ltd. Kotak Group Accident Care Protect UIN: IRDAI/HLT/KMGI/P-P/V.I/15/16H(G)/V.I/61/2016-17; Policy Wording c. c) Wherever the claim Claim paid for a percentage of the Sum Insured the Policy will continue for the remaining period for the balance Sum Insured. d. d) We will not be liable for any claims Claims which are incurred from the due date of installment till the date and time of revival of the Policy. e. e) Due to non non- disclosure of any material change in the policy, We will not be liable for any claims Claims which are incurred. f. f) For policies issued to Non Employer Employee group, the claim Claim shall be paid to the insured person / claimant only

Method of Assessment and Payment of Claim. Withdrawn a. All claims will be payable in India and in Indian rupees.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. a. a) All claims Claims will be payable in India and in Indian rupees. b. b) Once a claim Claim has been paid in respect of any of the Insured Persons for the full Sum Insured the Policy will terminate. Page 97; Kotak Mahindra General Insurance Company Ltd; Ltd. Kotak Group Accident Care Protect- Micro Insurance UIN: IRDAI/HLT/KMGI/P-P/V.I/15/16-17KOTHMGP075V011819; Policy Wording c. c) Wherever the claim Claim paid for a percentage of the Sum Insured the Policy will continue for the remaining period for the balance Sum Insured. d. d) We will not be liable for any claims Claims which are incurred from the due date of installment till the date and time of revival of the Policy. e. e) Due to non non- disclosure of any material change in the policy, We will not be liable for any claims Claims which are incurred. f. f) For policies issued to Non Employer Employee group, the claim Claim shall be paid to the insured person / claimant only