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1. Ahmed insures himself with AXA insurance company. His contract includes a straight deductible of 50BD. During the year he suffers multiple losses: first loss

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1. Ahmed insures himself with AXA insurance company. His contract includes a straight deductible of 50BD. During the year he suffers multiple losses: first loss 200 and second loss 500. Based on this how much will each party pay? Insured Payment: Insurer Payment: 2. Ahmed insures himself with AXA insurance company. His contract includes an aggregate deductible of 500BD. During the year he suffers multiple losses: first loss 3000 and second loss 2000. Based on this how much will each party pay? Insured Payment: Insurer Payment: 3. A customer has covered himself with 4 different insurance companies, Company A covers 3000BD, Company B covers 2000BD, Company C covers 2000BD and Company D covers 6000BD. If a loss of 18000 occurs how much will each party? Company A: Company B: Company C: Company D: Insured

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