Sunday 4 January 2015

Definations

PRINCIPLE SUM: mean an amount equal to the sum insured under the policy

ANNUITY: means an annual payments of 10% of principal sum payable in equal monthly instalments

WEEKLY INJURY: means an amount equal to 5 per thousand of principal sum

SPECIFIED INJURY: means a bodily injury sustained by the life insurance provided


(A): it has evidence of a visible contusion or wound on the exterior of the body.except in the case of drowing or of internal injury revealed by an autopsy

This contract witness that insurance company will pay to the person mentioned in the schedule of the policy. the identity stated in the table of indementies (here in after called table) given below,after insurance company is satisfied that

(1): the life insured has sustained a specified injury

(2): the life insured has suffered a loss or disability given in the tables, solely as a result of the specified injury within 90 days after sustaining that injury

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