Thursday, April 23, 2026

Latest:

2023 April 2023 Insurance

Insurance policy is governed by contract – If there is breach of non-payment of premium

April 15, 2023 deliljosh

Insurance policy is governed by contract - If there is breach of non-payment of premium, LIC is not liable to pay entire maturity amount - Judgment dated 12.4.2023 of the High Court of Orissa (DB)

Judgment dated 12.4.2023 of the High Court of Orissa (DB)

Insurance – Employer of the appellant had policy for Rs.10,000 at the monthly premium of Rs.27.71 – On suspension of the Appellant – the premium was stopped after the last payment in 1998 – In 2011, he was acquitted – After 16 years of maturity of LIC Policy, it was presented for payment – LIC paid Rs.18,039/ – Appellant filed consumer complaint on the ground that entire maturity amount was not paid – HELD that the policy is governed by contract of insurance and if there is breach for non-payment of premium by the employer, LIC is not liable to pay the entire maturity amount.

W.A.No.1585 of 2022 – Hadubandhu Nayak Vs. The Manager, LIC of India, Bhubaneswar and others

Leave a Reply Cancel reply

I HAVE READ THE DISCLAIMER AND AGREE TO IT.

User Acknowledgement

By proceeding further and clicking on the "AGREE" button herein below, I acknowledge that I of my own accord wish to know more about LegalDeli for my own information and use. I further acknowledge that there has been no solicitation, invitation or inducement of any sort whatsoever from LegalDeli or any of its members to create an Attorney-Client relationship through this knowledge site. I further acknowledge having read and understood the Disclaimer below.

Disclaimer
About: This knowledge-site (www.LegalDeli.in) is owned and operated by LegalDeli (“NDA”), and is a resource for your informational and educational purposes only.

No Warranty: NDA does not warrant that any content or information contained on this knowledge-site is accurate, correct, complete or up-to-date, and hereby disclaims any and all liability to any person for any actual or threatened loss or damage caused by errors or omissions, whether such errors or omissions result from negligence, accident or otherwise. NDA assumes no liability for the interpretation and/or use of the content and/or information contained on this knowledge-site, nor does it offer any warranty of any kind, either expressed or implied in relation to such content or information.

Third-Party Links: NDA does not intend that links / URLs contained on this knowledge-site re-directing users to third party websites be considered as referrals to, endorsements of, or affiliations with any such third party website operators. NDA is not responsible for, and makes no representations or warranties, express or implied, about the content or information contained on such third party websites to which links may be provided on this knowledge-site.

No Legal Advice: By clicking ‘I agree’ and proceeding further, you acknowledge, represent and undertake that you on your own accord wish to know more about NDA, its capabilities and research content and information contained on the knowledge-site, for your own knowledge and personal use. The content and information contained on this knowledge-site should not be construed as nor relied upon as legal advice. You as a reader or recipient of content or information contained in this knowledge-site should not act, nor refrain from acting, based upon any or all of such content or information, but should always seek the advice of competent legal counsel licensed to practice the relevant law in the appropriate jurisdiction.

No Attorney-Client Relationship: This knowledge-site is not intended to be and you should not consider the content or information contained therein to be an advertisement, solicitation, inducement or invitation for an Attorney-Client relationship. Transmission, receipt or use of this knowledge-site, including content and information contained therein, does not constitute nor create an Attorney-Client relationship between NDA and you.