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Disclaimer Disclaimer ‰ Provisional premium 10000000 x 1 Rs

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									Disclaimer
                                                    ‰)

Provisional premium           10000000 x 1
                              ----------------- = Rs. 10,000
                                 1000

Amount declared         Rs. 40,00,000

Premium for this is Rs. 4,000

Excess paid Rs. 6,000

Refund premium can be Rs. 5,000 only as refund cannot be more than 50% of
provisional premium as per policy condition.

5. (a) Fill in the blanks:

								
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