AOY Limit in Liability Insurance

There are Two breakup in liability insurance -

AOA - Any one Accident -

AOY - Any one Year -

Generaly insurance company will ask you to specify the Sum limit for both option.

Exp . AOA - 10000 Rupees. mean any accident will have maximum cap of 10000 Rs. as sum insured

Exp. 2. AOY - 20000 Rupees, means in a insured year you can have maximum claim amount of Rs. 20000 irrespective of number of accident in year.

and above that Insurance companies allow you to choose this AOA and AOY in certain ratio like

1:1 or 1:2 or 1:3 or 1:4 etc.

Rakesh Choudhary

Business Analyst - P&C