Tag: repudiation of claim by Insurance company

IN CASE OF FAILURE TO DISCLOSE THE EXCLUSION CLAUSES TO THE INSURED AS PER IRDA REGULATIONS, THE INSURER WON’T BE ABLE TO REPUDIATE THE CONTRACT: STATES SC

SC: Insurance Companies requires to be cautious while rejecting claims and cannot take benefit of exclusion clauses in the Insurance Contract The Hon’ble Supreme Court in its recent judgment1 passed on 9th November 2022 held