Issuance of a Receipt of the First Premium Payment by the Insurer Would Provide a Presumption of the Acceptance of the Policy by the Insurer: Supreme Court
In a significant judgment, the Supreme Court of India ruled in favor of the policyholder, Mrs. Bhumikaben N. Modi, and her family, against the Life Insurance Corporation of India (LIC) in a case concerning the acceptance of an insurance policy. The case saw the appellant, Mrs. Modi, and her children, challenging the decision of the
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