MANAGEMENT

Detailed explanation-1: -7. Insured: An individual, usually but not always the buyer, covered by an insurance policy. 8. Policyholder: The owner of an insurance policy.

Detailed explanation-2: -Policyholder – the person who buys the insurance; also called the “insured."

Detailed explanation-3: -All insurance policies have a policyholder. A policyholder is the person who has purchased and owns an insurance policy.

Detailed explanation-4: -Primary Insured Person means the Policyholder if he/she is covered under the Policy as an Insured Person. In case Policyholder is not an Insured Person, then Primary Insured Person will be the eldest Insured Person covered under the Policy.

Detailed explanation-5: -Passengers of private vehicles and pillion riders are also considered to be covered. As an owner of the vehicle you are insured against death or injury caused to passengers carried in the vehicle for hire. The liability covered is unlimited in case of death or injury.