Case Law Analysis
Section 45 Insurance Act | Insurer Barred from Repudiating Life Claim After Three Years from Policy Issuance, Even for Material Suppression : NCDRC
The NCDRC has ruled that under Section 45 of the Insurance Act, an insurer cannot deny a life insurance claim after three years from the date of policy issuance, regardless of alleged misrepresentation or suppression of material facts. This reinforces the statutory protection for policyholders and ensures finality in claims, benefiting millions of Indian life insurance beneficiaries.