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A person insured his goods worth RO. 22000 for RO. 1800 and suffers a loss of RO. 2000. His claim can be for: a. RO
A person insured his goods worth RO. 22000 for RO. 1800 and suffers a loss of RO. 2000. His claim can be for:
a.
RO 2200
b.
RO 4000
c.
RO 2000
d.
RO 1800
Given the following data, calculate the correct amount of claim payable under the policy. Plan and term endowment 38 years, sum assured RO 40000 date of commencement 20.5.1989.Date of death of life assured 18.8.2002.Half yearly premium RO 640 due on 15th may 2002 paid on 25th may 2002.Bonus vested RO 24000.
a.
RO 63360
b.
RO 64000
c.
RO 40000
d.
RO 24000
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