Supreme Court of India
Gokal Chand (d) Thr. Lrs. v. Axis Bank Ltd. & Anr.
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1 Supreme Court bench has cited this judgment.
What the Court ordered
We are of the opinion that the rejection o f the policy must be made in a reasonable time so as to be fair and in consonance with the good faith standards.
Judgment, page 12
From the headnote
Consumer Protection – Insurance Policy – Deficiency of Service – home loan was secured by the appellants for which obtaining a life insurance was a pre-requisite – Life insurance in the name of husband of the complainant (the insured, now decease d) was obtained – As per the appellants, respondent No.1-bank acting as an agent for respondent no.2-Insurance Company, o n 25.07.17 sanctioned the home loan – From the disbursed loan amount, insurance premium was paid on behalf of the insured by the bank to the insurance company – The insured was subjecte d to medical tests on 30.07.17 as a
Authorities it was built on
Where later benches applied it
Of those, 1 referred to
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