Supreme Court of India
Life Insurance Corporation of India and Anr. v. Shrl Dharam Vir Anand
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
2 Supreme Court benches have cited this judgment.
What the Court ordered
We are of the considered opinion that under Clause 4-B of the policy the date of the policy is the date on which the policy had been issued and not the date on which the risk under the policy had commenced by way of allowing dated back.
Judgment, page 7
From the headnote
Life insurance-Policy-Exoneration clause-Limited liability of insurer in case of suicide at any time on or after the date on which the risk under the policy has commenced but before the expiry of three years from the date of policy-Option given to insured to date back the policy-Insured opted for dating back the policy and paying premium for the entire period Suicide committed by assured within three years of the date of Issue of policy-Exoneration clause held applicable-Assured held entitled only to limited claim under the clause and not to entire insurance sum-Held date of policy was date
Where later benches applied it
- 2017 Nabha Power Limited (npl) v. Punjab State Power Corporation Limited (pspcl) & Anr.
- 2024 Reliance Life Insurance Company Ltd. & Anr. v. Jaya Wadhwani
Of those, 1 relied on · 1 referred to
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