Vidyalelo
Commerce · Q966

Insurance

Graduate and Post Graduate · Commerce · question 966

Q966

The first part of the policy document deals with

A.
Policy claim settlement procedure
B.
Policy schedule
Answer
C.
Standard provisions
D.
Specific policy provisions

Answer: Option B

Solution

Answer: Option B
Solution:
A policy schedule is an outline of the cover provided under the policy. It will show details of the policyholder, what the policyholder does and the cover given, and the relevant limits, sums insured and excess.