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Examveda

If there is any delay in settlement of claim within 30 days, other than an early claim, the insurer has to pay _________ rate of interest.

A. Savings bank account

B. Bank interest + 2%

C. 5.00%

D. 10%

Answer: Option B

Solution(By Examveda Team)

If there is any delay in settlement of claim within 30 days, other than an early claim, the insurer has to pay Bank interest + 2% rate of interest.

This Question Belongs to Commerce >> Insurance

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