Common use of OPERATIVE CLAUSE Clause in Contracts

OPERATIVE CLAUSE. If during the policy period Insured Person shall contract and diagnosed positive for Corona virus diseases i.e. COVID <XX> requiring Hospitalisation or quarantine (including Home/Government/Institution quarantine) in India, Company will pay the lump sum amount (fixed benefit) as stated in the Certificate of Insurance. Provided further that, any amount payable under the policy shall be subject to the terms of coverage, exclusions, conditions and definitions contained herein. Maximum liability of the company shall be the Sum Insured (Individual) opted as specified in the Certificate of Insurance.