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.Related Questions on Insurance
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