https://www.taxtmi.com/caselaws?id=188180 The Supreme Court held that there was no concluded valid insurance contract between the deceased and the Life Insurance Corporation of India as the acceptance of the proposal was not communicated by the competent authority, the Divisional Manager. The Court emphasized that the mere payment of the first premium did not constitute acceptance. The Court overturned the High Court's decision and ordered half of the amount received by the respondents to be repaid to the Corporation within three months, considering the time elapsed and payments made. No costs were awarded. en-us Tue, 27 Mar 1984 00:00:00 +0530 Mon, 21 Nov 2016 13:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188180 The Supreme Court held that there was no concluded valid insurance contract between the deceased and the Life Insurance Corporation of India as the acceptance of the proposal was not communicated by the competent authority, the Divisional Manager. The Court emphasized that the mere payment of the first premium did not constitute acceptance. The Court overturned the High Court's decision and ordered half of the amount received by the respondents to be repaid to the Corporation within three months, considering the time elapsed and payments made. No costs were awarded. Case-Laws Indian Laws Tue, 27 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188180