Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. Think and Answer Sri Narayan did not disclose on his life insurance proposal form that he had suffered from a disease which could shorten

. Think and Answer

  • Sri Narayan did not disclose on his life insurance proposal form that he had suffered from a disease which could shorten his life. He died a few months after the policy was issued to him. Rajesh his heir, claimed the assured sum. Will the insurance company pay?
  • Mohan insures his wife Geeta for Rs. 10, 00,000. The policy term is 10 years. He discloses all material facts at the time of the insurance. A few years later, his wife suffers from a fatal disease and dies after some time. Is the insurer liable to pay?
  • Naveen insured his life for Rs. 5, 00,000 for the benefit of his wife Meenal. He murdered his wife after a few years. Can the policy amount be recovered?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance

Authors: J . chris leach, Ronald w. melicher

4th edition

538478152, 978-0538478151

More Books

Students also viewed these Finance questions

Question

=+3 Calculate the budgeted costs of each program.

Answered: 1 week ago

Question

2. Who regulates common carriers and how is it done?

Answered: 1 week ago

Question

3. How does a router differ from a layer-3 switch?

Answered: 1 week ago