-Ignorance on the importance of these policies
-Wide spread poverty/low incomes
--Fear of losing their money because of past experience
-Corruption and embezzlement of funds by insurance company officials resulting in delay of
compensations
-Long procedure of claiming
Kavungya answered the question on April 3, 2019 at 09:25
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Give the significance of the following principles to both the insurer and insured
i) Utmost good faith
ii) Indemnity.....
iii) Contribution
iv) Insurable interest..
(Solved)
Give the significance of the following principles to both the insurer and insured
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Date posted:
April 3, 2019
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Answers (1)
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