https://www.taxtmi.com/caselaws?id=303551 A renewed health insurance policy with reduced and capped benefits was held unenforceable against the insured where the altered terms were not clearly disclosed before renewal and no real consent to the change could be inferred. Renewal alone did not amount to acceptance of a materially changed contract, especially where the insurer's materials indicated that existing policyholders would continue on existing terms unless they consciously migrated to a new product. The insurer's failure to communicate the material change also amounted to deficiency of service because the duty of utmost good faith required prior intimation of cover changes so the policyholder could make an informed choice. en-us Thu, 09 Dec 2021 00:00:00 +0530 Thu, 28 Jul 2022 20:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303551 A renewed health insurance policy with reduced and capped benefits was held unenforceable against the insured where the altered terms were not clearly disclosed before renewal and no real consent to the change could be inferred. Renewal alone did not amount to acceptance of a materially changed contract, especially where the insurer's materials indicated that existing policyholders would continue on existing terms unless they consciously migrated to a new product. The insurer's failure to communicate the material change also amounted to deficiency of service because the duty of utmost good faith required prior intimation of cover changes so the policyholder could make an informed choice. Case-Laws Indian Laws Thu, 09 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303551