Licentiate Examination - IC 11 - Practice of General Insurance Exam - Important Points
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Under motor insurance ambulances will be classified under miscellaneous vehicles
In private motor insurance separate rates apply for vehicles below and above 1500 CC
To process a motor insurance claim all the 3 mentioned document/s are required: Registration Certificate, Police Report, Driving Licence
Under Personal Accident Insurance, in case of loss of one limb or one eye, 50% of the capital sum insured will be payable as compensation.
Under Section 140 of the Motor Vehicles Act 1988, the liability payable for death is Rs. 50,000 on the principle of no fault
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