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Corporate Law

Accident claim benefit available only when accident took place after reviving of policy

Case Law Details

Case Name
Life Insurance Corporation of India Vs Sunita (Supreme Court of India)
Date of Judgement/Order
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Life Insurance Corporation of India Vs Sunita (Supreme Court of India) Facts- Mr. Pradeep Kumar, the husband of the respondent herein (original complainant) had taken a life insurance policy under the Jeevan Suraksha Yojana on 14.04.2021 from the appellant-Life Insurance Corporation, under which a sum of Rs. 3,75,000/- was assured by the corporation, and in case of death by accident an additional sum of Rs. 3,75,000/- was also assured. The next premium was due to be paid by the said insured Pradeep Kumar on 14th October, 2011. However, he committed a default. On 06.03.2012, the said Pradeep Ku...
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