Common use of Reducing Sum Clause in Contracts

Reducing Sum. Insured Covers (applicable only for credit linked Policy) Notwithstanding anything contrary stated in the Policy, the Sum Insured under the Policy on the date of the occurrence of the event covered under Sections A, B and C for the purpose of calculation of claim shall be the least of the following:

Appears in 6 contracts

Samples: irdai.gov.in, www.kotakgeneral.com, www.kotakgeneral.com

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Reducing Sum. Insured Covers (applicable only for credit linked Policy) Notwithstanding Notw ithstanding anything contrary stated in the Policy, the Sum Insured under the Policy on the date of the occurrence of the event covered under Sections A, B and C for the purpose of calculation of claim shall be the least of the followingfollow ing:

Appears in 2 contracts

Samples: policyholder.gov.in, policyholder.gov.in

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