Non-disclosure of facts material to the assessment of the risk, providing misleading information, fraud or non-co-operation by the insured will nullify the cover under the policy issued
The duty of disclosure of material information arises prior to the inception of the policy, and continues throughout the period of insurance
The company will not be on risk until the proposal has been accepted by the Company and full premium paid
Sum insured indicates limit of liability of the insurer under the policy and has to be indicated in all proposal forms.
Insurers of Health policies usually publish Prospectuses about their Health insurance products. The proposal form in such cases would contain a declaration that the customer has read the Prospectus and agrees to it.
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