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AFTERSCHO☺OL
– DEVELOPING CHANGE MAKERS
CENTRE FOR SOCIAL ENTREPRENEURSHIP
PGPSE PROGRAMME –
World’ Most Comprehensive programme in social
entrepreneurship & spiritual entrepreneurship
OPEN FOR ALL FREE FOR ALL
www.afterschoool.tk
11/28/09 AFTERSCHO☺OL's
AFTERSCHO☺OL's MATERIAL
MATERIAL 1
www.afterschoool.tk FOR PGPSE PARTICIPANTS
INSURANCE CLAIMS
Dr. T.K. Jain.
AFTERSCHO☺OL
Centre for social entrepreneurship
Bikaner M: 9414430763
tkjainbkn@yahoo.co.in
www.afterschool.tk, www.afterschoool.tk
www.afterschoool.tk
11/28/09 AFTERSCHO☺OL's
AFTERSCHO☺OL's MATERIAL
MATERIAL 2
www.afterschoool.tk FOR PGPSE PARTICIPANTS
What is average clause?
• When there is any loss the insurable claim
amount is calculated as per the following
formulae:
• Claim = loss suffered * (sum insured / actual
insurance value)
• For example, if Ramu’s property is of 5 lakh, but
gets insurance for Rs. 4 lakh only and suffers
loss of 2.5 lakh, then he will get only Rs. 2 Lakh,
not Rs. 2.5 lakh (proportionate).