Supreme Court clarifies calculation of surrender value of life insurance policies: Anandrao Ramchandra Salunke vs. Life Insurance Corporation of India (2019)
Supreme Court Clarifies Surrender Value Calculation in Life Insurance Policies LEGAL ISSUE: The core legal issue revolves around the correct method for calculating the surrender value of a life insurance policy, particularly concerning the treatment of bonuses when a policyholder discontinues premium payments before the policy’s maturity. CASE TYPE: Consumer Law Case Name: Anandrao Ramchandra […]