Insurance Regulatory and Development Authority (Protection of Policyholders’ Interests) Regulations, 2002

The appellant Mahaveer Sharma claimed death benefits under a life insurance policy taken by his father, Ramkaran Sharma, from Exide Life Insurance. The insurer repudiated the claim alleging that the father had materially suppressed information by not disclosing other existing life insurance policies at the time of prop…

The appellant Reliance Life Insurance issued a term life policy to the deceased after he had taken a separate policy from another insurer, but he failed to disclose the earlier cover in the proposal form. After the insured's death, Reliance repudiated the claim, invoking Section 45 of the Insurance Act, 1932, on the gr…

The appellant, daughter and nominee of a deceased insured, claimed death benefits under two life insurance policies, which the insurer repudiated alleging that the insured had concealed multiple other policies. The insurer relied on an unauthenticated tabulation of fifteen alleged policies without producing any documen…