Supreme Court · 2006 INSC 290 · Decided 4 May 2006
Life Insurance Corporation of India and ANR. v. SMT. S. Sindhu
- Court
- Supreme Court of India
- Citation
- 2006 INSC 290 · [2006] SUPP. 1 S.C.R. 854
- Case number
- CIVIL APPEAL No. 4492/2000
- Decided
- 4 May 2006
- Bench
- B.N. SRIKRISHNA, R.V. RAVEENDRAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Insurance law. Life insurance policy-20 years policy-Premium paid for three years C only-Premium not paid thereafter-Policy lapsed-Death of policy holder before maturity-UC paying reduced sum by treating it as paid-up policy-­ Whether l/C liable to pay interest in regard tu premium paid form of interest on the premium amounts, from the re~pective dates of remittance D of premiums, is alien to the concept of life insurance-Nu interest is payable either under the contract of insurance. or under any statue, ur under the interest Act, 1978 from the respective dates uf payment of premium
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