When you have a stop loss you and you reach a claim over your amount. they will reduce your amount .

Aggregate stop loss has to do with Stop loss insurance when involved with all the employees at a set threshold, Spec. Stop loss is the singular employee's status of either staying under or over set stop loss threshold at a specific period in time.

After the stop loss is reached the insurance company normally pays 100% of the losses. Read the policy to make sure that this is the case as different policies can vary.

Mr chetan shah

manager

icici lombard

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Loss payee is a party to whom an insurance loss payment or insurance sattlement may be directly paid.