Explain the case and cause when does insurance policy stands null and void ?
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You die beyond your termIt's possible to purchase a policy valid only until a certain age or for a certain number of years. Living past this age means the insurance is invalid. ... Someone planning suicide could buy a policy right before they ended their life.
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The law doesn't allow you to be negligent or irresponsible just because you know you're insured. For example, if a fire breaks out in your kitchen, you have an obligation to take reasonable steps to put it out, like using a fire extinguisher or calling the fire department. You can't just stand back and allow the fire to burn down your house because you know that insurance will pay for it.
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