1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    It appears to be a policy provision found in auto and property insurance policies issued in India.  The provision allows the insured to set the amount of a loss that they will bear themselves (deductible) at the time of claim.  This then sets a percentage that affects the premium for the coverage.  The higher the percentage bore by the insured, the lower the premium.
    Answered on May 7, 2014
  2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>