n NISM Certifications
X NISM Series X
Medium

Ms. Kavita claims Rs. 1 lakh for property damage. With a Rs. 25,000 deductible and 10% co-pay, what amount does the insurer pay?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 1 lakh

  2. B

    Rs. 90,000

  3. Rs. 67,500

    Correct answer

  4. D

    Rs. 75,000

Why this is the answer

Rs. 1,00,000 minus Rs. 25,000 deductible gives Rs. 75,000; then 10% co-pay reduces this by Rs. 7,500, resulting in Rs. 67,500 payable by the insurer.

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