Case Law Analysis
Suicide Exclusion Clause Applies from Date of Policy Revival, Not Original Issuance : State Consumer Commission, Chandigarh
The Chandigarh State Consumer Commission ruled that the suicide exclusion clause in life insurance policies is triggered from the date of policy revival, not the original issuance. This decision impacts claim settlements, as insurers may now deny full payouts if suicide occurs within one year of revival, even if the policy was active for years prior.