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  • News From Press Insurance companies liable if it charges premium for special coverage

    Insurance companies liable if it charges premium for special coverage

    Source: Economic Times Aug 22, 2017

    An insurance policy is a contract which is binding on the insured as well as the insurer. What happens when the policy contains clauses which are inconsistent with the policy schedule? 

    Case Study: Amar Jewellers had obtained a Jewellers Block Policy from United India Insurance. The proposal form contained a question about where the property would be stored. 

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