Q282
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%
AnswerC.
5.00%
D.
10%
Answer: Option B
Solution
Answer: Option B
Solution:
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.