Miscellaneous Insurance IC-78 Exam Study Notes

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  • IC-78 Miscellaneous Insurance Study Material
  • Personal accident insurance covers death or disablement to the insured person, arising out of accident.
  • Basic principles that guide personal accident insurance include utmost good faith, insurable interest and subrogation etc.
  • Permanent total disablement, permanent partial disablement and temporary total disablement are covered under P.A. policy.
  • The exclusions commonly found in personal accident policies include payment of compensation in respect of death, injury or disablement of the insured, from intentional self-injury, suicide or attempted suicide or from service in the armed forces etc.

Miscellaneous insurance Exam