Certificate of Insurance ? Motor Insurance - Provides existence of insurance in cases where proof may be required, Issued in addition to the policy, as required by the Motor Vehicles Act, Provides evidence of insurance to the Police and Registratio
the premium related to all the riders put together should not exceed 30% of the premium of the main product.
There is no legal obligation on the part of insurers to advise the insured that his policy is due to expire on a particular date.
First stage of documentation - Proposal form - Insured informs about herself and what insurance she needs. Proposal form contains information which are useful for the insurance company to accept the risk offered for insurance
The principle of utmost good faith and the duty of disclosure of material information begin with the proposal form for insurance
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