What is Double Indemnity?

967    Asked by LillianHart in Business Analyst , Asked on Dec 4, 2019
Answered by Kaushik Chandra

‘Double Indemnity’ is an arrangement given by certain insurance companies, where agreeing to their approach they are at risk to pay double sum in case of passing by coincidental implies or murder. This sort of approach does not cover suicide, and death caused by net carelessness of the guarantor individual.

For example, an individual who passed away due to characteristic causes counting heart infection or cancer, Murder or conspiracy by beneficiary, or passing due to a harm from sheer carelessness.



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