https://www.taxtmi.com/caselaws?id=311814 The SC concluded that the insurance policy lapsed on May 28, 1996, due to non-payment of the premium within the grace period, leaving no subsisting policy on August 2, 1996, the insured's date of death. The orders of the District Forum, State Commission, and National Commission were set aside. Despite allowing the appeal, the SC directed that no recovery be made from the complainant, given the amount involved and time elapsed, and no order as to costs was made. en-us Fri, 05 Aug 2005 00:00:00 +0530 Mon, 15 Jan 2024 10:24:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311814 The SC concluded that the insurance policy lapsed on May 28, 1996, due to non-payment of the premium within the grace period, leaving no subsisting policy on August 2, 1996, the insured's date of death. The orders of the District Forum, State Commission, and National Commission were set aside. Despite allowing the appeal, the SC directed that no recovery be made from the complainant, given the amount involved and time elapsed, and no order as to costs was made. Case-Laws Indian Laws Fri, 05 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311814