https://www.taxtmi.com/caselaws?id=173794 The Supreme Court ruled in favor of the appellant in a dispute over the interpretation of Clause 4B of an insurance policy. The Court determined that the date of the policy issuance, not the risk commencement date, was crucial in limiting the insurer's liability due to the suicide occurring within three years of the policy date. Emphasizing the importance of interpreting contractual clauses as per their terms, the Court criticized lower forums for misinterpreting the clause. The insurer's liability was limited to the total premiums paid without interest, and the Court directed payment to the insured, settling the claim in full satisfaction. en-us Fri, 09 Oct 1998 00:00:00 +0530 Tue, 22 Sep 2015 16:47:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173794 The Supreme Court ruled in favor of the appellant in a dispute over the interpretation of Clause 4B of an insurance policy. The Court determined that the date of the policy issuance, not the risk commencement date, was crucial in limiting the insurer's liability due to the suicide occurring within three years of the policy date. Emphasizing the importance of interpreting contractual clauses as per their terms, the Court criticized lower forums for misinterpreting the clause. The insurer's liability was limited to the total premiums paid without interest, and the Court directed payment to the insured, settling the claim in full satisfaction. Case-Laws Indian Laws Fri, 09 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173794