2. Jeevan insurance his Property worth rupees 10 crore with two insurance AIGLimited and MetLife
Limited for 6 crore and 4 crore respectively. Due to an earthquake the actual damage caused to
Jeevan property is worth rupees 3 Crore .He filed a claim for 3 Crore against each of the
insurance company. Identify and explain the principle of insurance which has been violated in
the above case.
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Jeevan property is worth rupees 3 Crore .He filed a claim for 3 Crore against each of the
insurance company. Identify and explain the principle of insurance which has been violated in
the above case.
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