Insurance

LIC CANNOT DENY PAYMENT OF THE INSURANCE MONEY TO THE DEPENDANTS OF THE POLICY HOLDER ON TRIVIAL GROUNDS: THAT’S WHAT BOMBAY HIGH COURT HELD IN “SMT. DIPASHRI V. LIC”

First is that LIC is missing an important ingredient which is required for the application of the Section 45 mandating that the person who is applying for a policy “knew at the time” of applying for Insurance Policy, that he is suffering from a disease because only then it will be called a fraud.

TO GET AN INSURANCE CLAIM A PERSON CAN DIRECTLY APPROACH THE HIGH COURT: THAT’S WHAT SUPREME COURT HELD IN “LIC VS. ASHA GOEL”

ue to these abovementioned reasons the Insured or Policy Holder pays timely premiums in the hope of saving for a rainy day. But if Insurance Company denies the payment of your medical bills or denies money to a family after the death of the Policy Holder, then what are the remedies available to him or his family members.