Question:medium
"A" bought two life insurance policies, one from XYZ company and second from WXY company of a sum of ₹20,00,000 and ₹30,00,000. He met an accident and was admitted to hospital and unfortunately died. The legal representatives of the insured are entitled to get:
"A" bought two life insurance policies, one from XYZ company and second from WXY company of a sum of ₹20,00,000 and ₹30,00,000. He met an accident and was admitted to hospital and unfortunately died. The legal representatives of the insured are entitled to get:
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Logic Tip: Multiple life insurance policies can all be claimed because life insurance is not based on indemnity.
Updated On: Oct 3, 2026
- ₹20,00,000 only as the general principle is that the company will pay the lesser amount only
- ₹30,00,000 only, as the highest amount will be paid
- ₹50,00,000 as in case of life insurance the concept of contribution is not applied
- ₹10,00,000 only, the difference between highest and lowest insurance value
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The Correct Option is C
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