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UBERRIMA FIDES
Your life insurance claim may be rejected if you take a new plan without declaring the ones you already have, says SCNot disclosing existing life insurance policies while purchasing a new policy can be grounds for claim rejection, according to a Supreme Co...- Insurance claim liable to be rejected if lapsed on account of non-payment of premium: SCAn insurance claim can be rejected if the policy has lapsed on account of non-payment of premium, said the Supreme Court which stressed tha...
- What is principle of utmost good faith in insurance?While buying an insurance policy, both the insurer and the insured must disclose all the facts.
- How the 3-year clause impacts life insurance claimsRegardless of whether a claim has arisen or not and when it is intimated, once the period of 3 years is over, the policy cannot be called i...
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