AUTOMATIC INCREASE CLAUSE (10% of Total Sum Insured)

In the event of the gross profit earned during any annual period of insurance (or during the accounting period of twelve months most nearly concurrent with any period of insurance), as certified by the insured’s auditors being greater than the sum insured thereon, the insured will be held covered to the event of 10% of the premium paid on such sum insured for  such period of insured will be charged in respect of the difference

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2 Comments on “AUTOMATIC INCREASE CLAUSE (10% of Total Sum Insured)”

  • endang yeniati wrote on 27 February, 2017, 12:27

    Dear Pak Imam,

    Jika membaca wording Automatic increase clause diatas, apakah klausula tersebut hanya untuk BI Insurance?

    Biasanya berlaku untuk Stock Barang Dagangan atau juga Money Insurance

  • Anonymous wrote on 31 May, 2019, 10:19

    kalau untuk money insurance, mohon penjelasan intensi nya Pak.
    Terima kasih.

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