Question
a.
Compensation only for the loss amount
b.
The full policy amount irrespective of the loss amount
c.
Actual loss amount even if the loss amount is more than the policy amount
d.
50% of the loss amount irrespective of the loss amount
Posted under IC 14 Regulations of Insurance Business
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Q. As per the principle of indemnity, for acceptable claims; insurance companies pay ________
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