A. Before you enter into a contract of general Insurance/Takaful with the Insurance/Takaful Operator, you have a duty to disclose to the Insurance/Takaful Operator every matter within your knowledge that is material to the Insurance/Takaful Operator’s decision whether to accept the risk of the Insurance/Takaful and, if so, on what terms. You have the same duty to disclose those matters to the Insurance/Takaful Operator before you renew, extend, vary or reinstate a contract of general Insurance/Takaful. It is important that all information contained in this application is understood by you and is correct, as you will be bound by your answers and by the information provided by you in this application. You should obtain advice before you sign this application if you do not properly understand any part of it Your duty of disclosure continues after the application has been completed up until the contract of Insurance/Takaful is entered into.
B. Non-Disclosure; If you fail to comply with your duty of disclosure, the Insurance/Takaful Operator may have the option of avoiding the contract of Insurance/Takaful from its beginning. If your non-disclosure is fraudulent, the Insurance/Takaful Operator may also have the right to keep the premium that you have paid.
C. Subrogation; Where you have agreed with another person or company ( who would otherwise be liable to compensate you for any loss or damage which is covered by the contract of Insurance/Takaful ) that you will not seek to recover such loss or damage from that person, Insurance/Takaful Operator will not cover you, to the extent permitted by law, for such loss or damage.
D. If you have any questions concerning this proposal, please contact your Financial Adviser Representative (FAR) to discuss.
ISK PLANNER SDN BHD (1097461-K) @ 2015. ALL RIGHT RESERVED.