Page 38 - Insurance Times August 2018

payable by the policyholder on the single premium including policy and return the amount of premium deposited after
extra premium, if any. The amount of tax paid shall not be deducting proportionate risk premium for the period on
considered for the calculation of benefits payable under cover and charges for medical examination, special reports,
the plan including surrender value. if any and stamp duty.

6. Free Look Period: 7. Exclusion:

If Master Policyholder/ any member is not satisfied with In case of death of a member due to suicide, within 12
the “Terms and Conditions” of the policy then the Master months from date of entry of the member into the scheme
Policyholder may return the policy /the member may return claim payable shall be 80% of the Single Premium paid
the Certificate of Insurance through the Master (excluding taxes and extra premium, if any) in respect of
Policyholder within the 15 days from the date of receipt of that member.
the Policy Document /Certificate of Insurance stating the
reasons of objection. For groups where the insurance cover is compulsory for all
new entrants, above clause shall not be applicable
On receipt of the same the Corporation shall cancel the

A Full Day Training Programme

on

“Insurance Frauds - How to Control it?”

Friday, 24 Aug 2018, Time: 09.30 am to 05.00 pm

At PHD House, New Delhi organized by Insurance Foundation of India

This training program is a good opportunity to provide the participants with comprehensive, multifunctional
perspective on risk assessment; comply with statutory procedures on management of claims while keeping
an eye on frauds. It will also deliberate on way to promote, monitor and enforce high standards of integ-
rity, financial soundness and fair dealing.

The faculty of this workshop comprises of people highly experienced in Insurance fraud. The faculty mem-
bers include Mr. S. G. Afzal Biya Bani, Senior Insurance Specialist, Al-Muhaidib Corporate, Dammam, Saudi
Arabia and Resident Editor The Insurance Times.

!! Hearty Congratulations !!

Thanks readers for excellent response for our Insurance Quiz published in our July 2018 issue. This month the lucky
winner of the Quiz is Deepa Soni & Siva Prasad Petla.

Who will be the next?????

38 The Insurance Times, August 2018