Feb 1, 2018

Ed Post: Group Personal Accident II

Further to our last ed-post (read here), this is a continuation of the Group Personal Accident Policy (GPA). In the last post, we wrote about the benefits obtainable when the GPA policy is purchased a...
Jan 30, 2018

Ed Post: Group Personal Accident

This thread will attempt to breakdown/simply the Group Personal Accident Policy. Group Personal Accident Insurance provides compensation to an employee in the event of an accident causing death or inj...
Jan 10, 2018

Group Life Assurance Riders

As a follow up on our last two (2) Ed-Posts, below are some of the additional benefits/riders that can be purchased as an extension of the Group Life Assurance Policy. Funeral Benefit: This is a payme...
Jan 8, 2018

Group Life Assurance Policy

Group Life Insurance (or Group Life Assurance as the Policy is commonly called) is a type of Life insurance in which a single policy contract covers an entire group of people. Typically, the policy-ow...
May 10, 2017

Utmost Good Faith – In Conclusion

Following our discourse on the Insurance principle of Uberrima fidae or Utmost Good Faith, we will be ending this session with facts which must be disclosed to the insurers as they are deemed as mater...
May 8, 2017

Principle of Utmost Good Faith – Part 3

As a follow up from last week’s write up on Utmost Good Faith, we noted that the breach of the principle of Utmost Good Faith can result in penalization of the insured, reduction of a claim amou...
Apr 28, 2017

Principle of Utmost Good Faith – Part 2

As a follow up on our discussions on Utmost Good Faith-Part 1, It is safe to suggest that the burden of the principle of Utmost Good Faith rests more with the insured than with the insurer as it is de...