Insurance Mishap #Shorts

Life Insurance

Which bank announced that it had entered into agreements with private insurers Cigna TTK and Reliance General Insurance to provide health and general insurance services to its customers ?

Study the following cases and answer the given questions: (a) Chatan gats his oil-godown doubly insured against fire for Rs 5,00,000 with insurer 'Easy General Insurance' and for Rs 15,00,000 with insurer 'Risk free Insurance (P) Ltd'. Due to a short circuit, an unforeseen loss by fire of oil stock worth Rs 6 Lakh occurred on 11th September. How much cornpensation can be claim from each of the insurers? Give reassons. (b) Anand was suffering from terminal intestinal cancer disease, which he did not disclose while taking a medical cum heath insurance policy from Star Health Insurance (P)Ltd. Can he legally succeed to get claim for reimbrusement of hospitalization bills under the Mediclaim policy? Why?

Explain the principle of Insurable Interests. When must Insurable Interest exist in Life Insurance, Fire Insurance and Marine Insurance?

________ insurance is not covered by general insurance.

"The insured must take care of his goods and other, for which insurance is being taken as he was taking insurance policy. "To which principle of insurance is the related ?