Admissible Claim Amount definition

Admissible Claim Amount means the amount payable under the policy, upto the Sum Insured, after applying the deductible and sub-limits, wherever applicable.
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Admissible Claim Amount means the eligible amount payable under this policy, to You, up to the Sum Insured, after applying the Excess and sub-limits wherever applicable
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Admissible Claim Amount means the amount that is admissible as per policy terms and conditions before applying deductible/co-payment. Any deductible/co-payment will be applied on the admissible claim amount. The amount so arrived after application of deductible/co-payment, will be payable under the policy but not exceeding the Sum Insured.
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Examples of Admissible Claim Amount in a sentence

  • The respondent insurer has paid Rs.16,500/- and the Balance Admissible Claim amount is Rs. 19,067/-In the result, an award is passed, directing the Respondent Insurer to pay an amount of Rs. 19,067/- , within the period mentioned hereunder.

  • In view of this, I opine that the complainant is entitled to the claim.The Admissible Claim amount is Rs.26,725/- The Respondent insurer may deduct a sum of Rs. 17,825/- towards insurance for additional 18 passengers and pay the balance of Rs.8,900/- to the complainant.In the result, an award is passed, directing the Respondent Insurer to pay an amount of Rs. 8,900/, within the period mentioned hereunder.

Related to Admissible Claim Amount

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Disputed Claim means any Claim that is not Allowed.

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.