Business Studies, asked by rupeshprasad558, 8 months ago

Mr. Paramjit hides some particular diseases of his from the Insurance co. while getting his life insurance done. Here, which Insurance principle is being ignored. Also, point out two social values that have been overlooked.

Answers

Answered by vinaysharma58

The principle of utmost good faith, uberrimae fidei, states that the insurer and the insured must disclose all material facts before the policy inception.

PLZ MARK ME AS BRAINLIEST!!!!!!!!!

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Mr. Paramjit hides some particular diseases of his from the Insurance co. while getting his life insurance done. Here, which Insurance principle is being ignored. Also, point out two social values that have been overlooked. ​

Answers

Mr. Paramjit hides some particular diseases of his from the Insurance co. while getting his life insurance done. Here, which Insurance principle is being ignored. Also, point out two social values that have been overlooked.