Multiple choice

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.

  1. savings bank account

  2. bank interest + 2%

  3. 5%

  4. 10%

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

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.