1) Proposal has been submitted along with deposit (premium) but before underwriting done, insured dies. How insurance claim will be settled?
2) Insured dies after paying 5 years premium. No...
Type: Posts; User: saisrisri
1) Proposal has been submitted along with deposit (premium) but before underwriting done, insured dies. How insurance claim will be settled?
2) Insured dies after paying 5 years premium. No...
In our syllabus book, we were given only definition of Reinstatement, purpose , when it comes into picture like on policy lapsation. But in our previous question papers we have questions on real time...
Doubts:
a) How is the late fee arrived. Is it some % / slab rate of each mode. please elaborate.
b) Premium arrears are calculated for 3 dues i.e. feb 2004, aug 2004 and feb 2005 = 8550/- but later...
Thanks a lot expert for your reply. This helped me a lot. I am doing correspondence PG in Insurance so do not have any assistance from teacher. I am having few more doubts. Will post as and when I...
please somebody help me in the above calculations. I have to appear for exam.
please explain how interest is calculated.
Mode = Hly
Premium = Rs.1000/- per each mode
Date of commencement = 28/03/2008
Lapsed on = 28/03/2010
help me in calculating interest + total...
Wanted to know - how reinstatement amount would be calculated for any policy if policy is
1) Reinstatement within 6 months of lapsed status
2) After 6 months of lapsed status and within 1 year
3)...