Case Law Analysis
|Bombay High Court
Suicide Clause in Life Insurance | Policy Lapse Date, Not Revival Date, Triggers 12-Month Exclusion: Bombay HC
Bombay HC clarifies that the 12-month suicide exclusion period under life insurance policies begins from the date of policy lapse, not revival. The ruling entitles the nominee to the full sum assured if suicide occurs beyond 12 months from lapse, even if within 12 months of revival, impacting policyholders and insurers on contract interpretation.