If you’ve ever filled out an application for insurance before, you would likely have noticed the clause that calls for full and faithful disclosure of facts. But have you ever wondered what would be the ramifications of not doing so? In this article, we’ll unpack why this is important, and how withholding information could affect your claims payout. Why disclose all facts during an insurance application? When applying for insurance in Singapore, you will notice this statement usually highlighted in bold or under important notices in application/proposal forms: Statement under Section 25 (5) Cap. 142 of the Insurance Act or any subsequent amendments thereof – You are to disclose in this proposal form fully and faithfully all the facts which you know or ought to know about the risk that is being proposed, otherwise the policy issued hereunder may be void. This is necessary and important so that customers will be reminded to disclose relevant information...