Life Insurance Archives

Life Insurance Claims: Supreme Court clarifies “material suppression” in insurance policies: Maha Veer Sharma vs. Exide Life Insurance Company Limited (2025) INSC 268 (25 February 2025)

Date of the Judgment: February 25, 2025 Citation: 2025 INSC 268 Judges: B.V. Nagarathna, J., Satish Chandra Sharma, J. Can an insurance company deny a claim if the policyholder didn’t disclose all their existing insurance policies? The Supreme Court of India recently addressed this question in a case involving Exide Life Insurance Company Limited. The […]

Supreme Court clarifies calculation of surrender value of life insurance policies: Anandrao Ramchandra Salunke vs. Life Insurance Corporation of India (2019)

March 7, 2019 / Consumer Law, Consumer Rights, Dhananjaya Y Chandrachud, Hemant Gupta, Insurance Act, 1938, Insurance Act, 1938 with Section 113, Insurance Disputes, Judges, Life Insurance

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

Supreme Court clarifies calculation of surrender value of life insurance policies: Anandrao Ramchandra Salunke vs. Life Insurance Corporation of India (2019) Read Post »