Principle of Indemnity | Principles of Insurance Contract | Lectures on Insurance Law

[@parulthakur6766]

Best teacher in KZbin

[@sagaideva7341]

Good Teaching, conceptual clarity. Long Live.

[@WinterBear01]

Thank you for the video

[@RiyadHasan-hq4ux]

Outstanding presentation

[@simarpreetkaur167]

Nice explanation

[@khushigoyal1656]

Nice explanation.. Thanku sir

[@surendervadde1123]

Excellent classes sir. Thank you

[@abeerabdulrahem2153]

Thanks a lot please don’t stop your helpful sessions

[@easylifewithnizam2856]

It's helpful for us.thank you sir

[@AnuragChaudhary]

Thanks a lot sir !

[@omenderdhankhar1063]

Thanks sir

[@diksharohilla5787]

Thankyou sir

[@gutsimrankaur4860]

Thxs sir

[@karuneshkvaiswar612]

🎉

[@rishavsinghh]

Sir agar kisi property ki value 3 lakh h to kya wo person 3 policy le skta h for one lakh each??

[@aloktripathi9074]

Sir then what is difference between principal of contribution & indemnity.... I am confused 🤔 because it is seems one .

[@WaseemKhanlaw]

Principle of contribution is corelating to principle of indemnity. In indemnity insurance company undertakes to pay the loss, it means each insurance other than life insurance is principle of indemnity. But principle of contribution is applicable, if person makes more than one policy on the same subject matter. Even if the person makes more than one policy on the same subject matter, policy holder will get only the loss which he has suffered.

[@BishnuDeb-nh9lo]

Insured peril means

[@aksshaysharma96]

If we consider these principles then why insurance contracts are not indemnity contracts u/s 124 of indian contract act?

[@vijaypatel-uo8ch]

Sir Ic s01 ka per vidio upload plz sir

[@sajedapathan3330]

sir agar hamari policy khatam hone tak hame koi loss nhi hota to hamare amount ka kya hoga

[@WaseemKhanlaw]

Property Insurance contract ye contract of indemnity hai agar aap ko loss hoga tabhi aapko paise milenge warna nahi jo bhi premium aap ne bhara wo insurance company ka hojaega isi liye property insurance ka premium kam hota hai.

[@sajedapathan3330]

@@WaseemKhanlaw ok Thank you so much sir