https://www.taxtmi.com/caselaws?id=187836 Renewal of a mediclaim policy is not automatic merely because premium is paid on time, since the contract and regulatory framework do not create an unconditional renewal right. However, a State-owned insurer must deal fairly and reasonably with existing policyholders, and refusal to renew cannot be arbitrary or unreasonable. Renewal may be declined only on legally recognised grounds such as misrepresentation, fraud, non-disclosure, or other valid contractual or statutory grounds. The governing principle is that the insurer cannot rewrite the contract to impose automatic renewal, but its discretion in refusing renewal remains subject to non-arbitrariness and policyholder protection norms. en-us Fri, 16 May 2008 00:00:00 +0530 Tue, 12 Dec 2023 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187836 Renewal of a mediclaim policy is not automatic merely because premium is paid on time, since the contract and regulatory framework do not create an unconditional renewal right. However, a State-owned insurer must deal fairly and reasonably with existing policyholders, and refusal to renew cannot be arbitrary or unreasonable. Renewal may be declined only on legally recognised grounds such as misrepresentation, fraud, non-disclosure, or other valid contractual or statutory grounds. The governing principle is that the insurer cannot rewrite the contract to impose automatic renewal, but its discretion in refusing renewal remains subject to non-arbitrariness and policyholder protection norms. Case-Laws Indian Laws Fri, 16 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187836