Page 119 - Ebook health insurance IC27

Sashi Publications

Insurance contract Other contract

Insurer agrees to compensate insurer After payment ofconsideration the delivery
on happening a certain event during of goods or services is almost immediate.
the policy period.

The liability of insurer continues till the The liability of buyer and seller is limited

policy period until delivery of the goods or services

Other principles like utmost good faith, All essential features of an contract applies
proximate cause, insurable interest
applies

Health insurance proposal form

Details of applicant: The applicant for health insurance policy must provide the
following details
 Name of applicant with fathers/husbands name
 Date of birth
 Sex
 Age
 Occupation
 Sum insured
 Address and telephone number
 Pan details
 Details of hospitalisation/illness/disease (current and past)
 In case of a floater policy details of all members with their relationships

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