- After-death arrangements
- Life insurance
- What is a life insurance?
- Relevant statutory provisions
- Different types of life insurance
- Utmost Good Faith
- Medical evidence requirements
- Common exclusions in life insurance policies
- Important matters to consider before taking out a life insurance policy
- Cooling Off Period
- Suicide and incontestability
- Practical tips for handling a life insurance claim denial by an insurance company
- The Insurance Claims Complaints Bureau
- Questions and answers
Utmost Good Faith
Insurance contracts are based on trust. The insurer trusts the policyholder to give true and precise details about what is being insured. This is the principle of 'Utmost Good Faith' You are responsible for giving complete and correct information to your insurer. Care should always be taken to submit the whole truth so that insurance companies can accurately assess the risk. If any information is incomplete or inaccurate, or you do not comply with the conditions of your policy, your policy may be void.
Equally, before taking out an insurance policy, you should read all the documentation and the terms of the policy very carefully to ensure that you understand the exact nature of the policy, the risks it covers, and the exclusions.