Apex Court Once Again Reiterated -Principle of Good Faiths

Reliance Life Insurance Co Ltd Vs Rekhaben Nareshbhai Rathod (Supreme Court of India) The Supreme Court of India has once again reiterated one of the foundational principles of Insurance Law : non-disclosure of material information by an Insured at the time of entering into a contract of insurance would entitle a prudent Insurer to repudiate a claim made under the underlying policy on such ground. BRIEF FACTS: 1. The spouse of the Respondent in this case had obtained a policy of life insurance (“policy”) from the Appellant insurance company in September of 2009. 2. Prior to this, t...