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Explain the fraud clause in the term insurance policy document.

Hi All,

I have the following statement in the policy document.  Can you please elorate with examples as what are the fraudulent cases that can arise assuming that one has submitted correct DOB proof and one is expired/dead and additionally the medical tests were initially done before the policy was being provided

If you are or the nominee or anyone acting on your behalf or at your or his direction or with your or his knowledge makes or advances any claim under this policy knowing it to be dishonest, misleading, false or fraudulent in any respect, then this policy shall be void and any amount actually paid or potentiall payable shall be forfeited.

Thanks

Sunil Kumar

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