Any Change in Terms & Conditions of Insurance Should be Intimated to Insured at the Time of Renewal: SC

Jacob Punnen Vs United India Insurance Co. Ltd. (Supreme Court of India)

BRIEF FACTS:

1. The undisputed facts are that the appellants contracted with the respondent (hereinafter referred to as “the insurer”) and secured a medical insurance policy (hereinafter referred to as “Mediclaim”), for the first time in 1982.

2. The policy was annual and was renewed successively, each year by the appellants by paying the appropriate premium – the last renewal policy forming the subject matter of the present appeal.

3. The policy renewed by the appellants on 28.03.2007 was in force for a year i.e., till 27.03.2008. Before the date of expiry of the Mediclaim (on 27.03.2008), the insurer sent a reminder to the appellants to renew their policy, if they so wished, annually.

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