In a life insurance contract, insurable interest must exist both at the time of making the contract and at the time of payment under the policy. True/

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In a life insurance contract, insurable interest must exist both at the time of making the contract and at the time of payment under the policy. True/

In a life insurance contract, insurable interest must exist both at the time of making the contract and at the time of payment under the policy. True/False ? Give reason.

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Salim Ahmed Kawsar · Answer 1 · Feb 05, 2023 15:29:48

Correct Answer - False : In life insurance, insurable interest must be present only at the time of effecting th policy, but need not be necessary at the time when the claim falls due.

In a life insurance contract, insurable interest must exist both at the time of making the contract and at the time of payment under the policy. True/

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