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Husband and wife the husband take a life insurance of his wife but after few months his wife divorce.after few months his wife die.The insurance company give the compensation to husband of his wife.why?

Posted by Kunal Goyal 7 years, 11 months ago

CBSE > Class 11 > Business Studies

2 answers

Shalini Koranga 7 years, 11 months ago

Yes, the company give the compensation to the husband because according to the principle of insurable interest, in case of the life insurance insurable interest was important only the time of purchasing the policy not at the time of giving compensation....

Lalit Sharma 7 years, 11 months ago

Yes of course the insurance company give the compensation to husband of his wife because of the principle of insurable interest

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