When does a claim arise under an insurance policy?

A. Whenever the policyholder feels the need for money

B. When the insured events happen

C. When a premium is not paid

D. Whenever any of the three things mentioned above happen

Answer: Option B

Solution(By Examveda Team)

A claim arise under an insurance policy When the insured events happen. The indemnity only applies to claims, arising out of accident occurring in the insured premises during the Period of Insurance, first made in writing against the Insured and notified to the Company by the Insured in writing during the Policy Period or applicable extended reporting period.