A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Calendar Year Statistics

Method of gathering data on losses, particularly liability Insurance claims, under which the claim payments made during a particular calendar-year are charged to that year regardless of when the accident giving rise to those payments occurred. Also, refer “Accident year statistics.”

Calf Breeding Insurance

The policy covers (a) females calves/Heifers (cross bred or indigenous) – 4 months to 32 months of age and (b) male indigenous calves – 4 months to 24 months – sum insured as per valuation table of the insurers. Policies for female calves and male calves are issued up to a maximum age of 32 months or 24 months respectively at a stretch if premium for the entire period is paid in advance. Otherwise annually renewable policies. Policy to indemnify in the event of death of insured calves/heifers due to accident or disease during the policy period of insurance.

Call

A payment to cover losses and management expenses made by a member of a protection and indemnity club in consideration of a right to indemnity. The ‘calls’ are based on the tonnage entered in the club by shipowners. Initial payment may be followed by supplementary calls.
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The sum payable by a member of a Protection and Indemnity Club for his right to indemnity by the club. A call payable at the outset of each period is termed an Advanced call. Additional payments (supplementary calls) in respect of a period may be made subsequently if required to meet claims arising.

Call option

The right, not the obligation, to buy the underlying asset or take cash, based on movements in an underlying index as in a weather derivative. Compare with put option.

Camel Insurance

The scheme would be applicable to all Camels (Male and Female) in India and shall cover the standard Policy coverage as provided for Cattle Insurance. There is a specific exclusion viz., death of a camel due to Surra.