What is sum insured/assured in general insurance?

Accounting Financial Accounting Insurance General Insurance

Question ajoutée par mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice
Date de publication: 2014/02/10

Apprécier (1) Vues (2) Suiveurs (1) Réponses (1) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

1 Réponses

par Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

Sum insured is the total and maximum amount that the insurance company is obliged to pay when losses occurs the sum insured also reflect the real and actual amount of the interest insured

Thanking You

Apprécier (1)

Déprécier Réponses () Rapport

Recherches Populaires

Offres d'Emploi Ingénieur Offres d'Emploi Vendeur Offres d'Emploi Comptable Offres d'Emploi Informaticien Offres d'Emploi Technicien

Ecrivez Votre Réponse

More Questions Like This

An insurance company arrange Excess of loss reinsurance treaty three layers as follows :- insurance company's priority ( retention ) = 500,000?
Top Answer: Total treaty capacity = 5, 000 , 000. Total amount of claim under excess loss treaty = 5 , 000 , 000 ce ... Voir Plus

Réponses (2)
In Fire Insurance policy, Sum insured is 70.Value of the property is 100.Loss incurred is 50.What is the claim payable?
Top Answer: <p> Here we apply the average because insured value is under insurance.i.e the insurance policy su ... Voir Plus

Réponses (6)
What is an ideal sum insured for a life insurance policy?
Top Answer: Life Insurance is a product, which offers protection against risk of death. In case of death, the full su ... Voir Plus

Réponses (2)
Simple underwriting:- Fire insurance policy with total sum insured US dollars 1,000,000 (one million)?
Top Answer: 1/ Gross premium Us dollar 1,000 ( one thosund ). 2/ Claim payable 800,000 ( eight hundrad thosund ) 3/ W ... Voir Plus

Réponses (1)

Produits Par Bayt.com

Utilisez l'Appli de Bayt.com

Communiquez avec les autres et partagez vos connaissances professionnelles

What is sum insured/assured in general insurance?

Recherches Populaires

More Questions Like This