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Husband and wife the husband take …

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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 6 years, 3 months ago

    CBSE > Class 11 > Business Studies
    • 2 answers

    Shalini Koranga 6 years, 3 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....

    2Thank You

    Lalit Sharma 6 years, 3 months ago

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

    2Thank You

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