Supreme Court · 2008 INSC 152 · Decided 7 February 2008
Life Insurance Corporation of India v. Jaya Chandel
- Court
- Supreme Court of India
- Citation
- 2008 INSC 152 · [2008] 2 S.C.R. 559
- Case number
- CIVIL APPEAL No. 1089/2008
- Decided
- 7 February 2008
- Bench
- ARIJIT PASAYAT, P. SATHASIVAM (2-judge bench)
- Outcome
- Case Allowed
- Case type
- Civil
Headnote
;. Insurance Act, 1938 - Revival of discontinued Policies - Claim of - Cheque for annual premium of lapsed LIC Policy along with late fee issued before the death of insured but d received by L/C Corporation after death of insured -Held: Discontinued policy could be revived only after Policy and it was communicated to the insured - On 'tacts, cheque was received after the death of insured - Payment was made much beyond the grace period D -A/sos. 64 VB was not applicable - Thus, Order by the forums below that claim could not have been repudiated set aside. K obtained a LIC
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