Reliance Life Insurance Company Ltd vs Jaya Wadhwani
Judges (2)
Case Significance
Reliance Life Insurance Company Ltd vs Jaya Wadhwani is a Supreme Court of India decision dated January 3, 2024 (citation: insc-2024-10). The insurance company appealed consumer forum orders that held it liable to pay sum assured on death of the insured, where the dispute concerned whether the policy commencement date is the date of issue or the date of the deposit receipt. The Supreme Court allowed the appeals, holding that the date of issuance of the policy is the relevant date for all purposes, not the date of proposal or deposit receipt, and set aside orders of all three consumer fora. The bench comprised Justices Rajesh Bindal and Vikram Nath. The judgment was delivered by Justice Vikram Nath.
Summary
The insurance company appealed consumer forum orders that held it liable to pay sum assured on death of the insured, where the dispute concerned whether the policy commencement date is the date of issue or the date of the deposit receipt. The Supreme Court allowed the appeals, holding that the date of issuance of the policy is the relevant date for all purposes, not the date of proposal or deposit receipt, and set aside orders of all three consumer fora.
What was the outcome of Reliance Life Insurance Company Ltd vs Jaya Wadhwani?
The insurance company appealed consumer forum orders that held it liable to pay sum assured on death of the insured, where the dispute concerned whether the policy commencement date is the date of iss...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (insc-2024-10)